Chapter 2 PDF

“VARIOUS DEPOSIT SCHEMES-CHAPTER-2”
Sr. No. NAME OF DEPOSIT PRODUCT

1 PNB MITRA – SAVINGS FUND A/C FOR FINANCIAL INCLUSION
2 BASIC SAVING BANK DEPOSIT ACCOUNT
3 PNB JUNIOR SF A/C FOR MINORS
4 PNB-VIDYARTHI SAVING FUND A/C
5 BANKING SERVICES FOR FOREIGN STUDENTS STUDYING IN INDIA
6 MINI DEPOSIT SCHEME(Revised)
7 PNB PENSION SAVINGS ACCOUNT
8 PNB POWER SAVING BANK ACCOUNT
9 PNB PRUDENT SWEEP (S/F) SCHEME FOR INDIVIDUALs
10 PNB PRUDENT SWEEP (S/F) SCHEME FOR INSTITUTIONs
11 PNB RAKSHAK PLUS SWEEP & OVERDRAFT SCHEME
12 PNB SHIKSHAK SWEEP & OVERDRAFT SCHEME
13 TOTAL FREEDOM SALARY A/C SCHEME
14 TOTAL FREEDOM SALARY A/C - 2nd VARIANT
15 PREMIUM SAVING ACCOUNT PRODUCT
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16 FAMILY PROTECTION A/C (SURAKSHA BACHAT KHATA)
17 CURRENT ACCOUNT
18 PNB SMART BANKING CURRENT ACCOUNT SCHEME
19 PNB SUVIDHA WITH PULL SWEEP FACILITY
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20 RECURRING DEPOSIT SCHEME
21 PNB FLEXI RD SCHEME
22 PNB RAKSHAK RECURRING DEPOSIT SCHEME
23 PNB SPECIAL RECURRING DEPOSIT SCHEME
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24 ORDINARY TERM DEPOSIT SCHEME
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25 MULTI BENEFIT TERM DEPOSIT (MBTD) SCHEME

26 VARSHIK AAY YOJANA (VAY) DEPOSIT SCHEME
27 PNB SUGAM & PNB SUGAM PLUS 555 TERM DEPOSIT SCHEME
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28 NRE RUPEE SUGAM TERM DEPOSIT SCHEME

29 NRO SUGAM TERM DEPOSIT SCHEME
30 FIXED DEPOSIT SCHEME FOR ROAD ACCIDENT VICTIMS
31 ANUPAM TERM DEPOSIT SCHEME
32 SPECIAL TERM DEPOSIT (TDSP) SCHEME
33 PNB GROWTH FIXED DEPOSIT SCHEME
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34 PNB BULK DEPOSIT SCHEME FOR SINGLE DEPOSIT OF > RS. 10 CR.
35 PNB TAX-SAVER DEPOSIT SCHEME
36 MIBOR LINKED NOTICE DEPOSIT SCHEME
37 CAPITAL GAINS ACCOUNT SCHEME – 1988
38 BALIKA SHIKSHA FIXED DEPOSIT SCHEME
39 SAVING FUND A/C UNDER NATIONAL SCHEME OF INCENTIVE TO GIRLS FOR
SECONDARY EDUCATION (NSIGSE)
40 PROSPECTIVE SENIOR CITIZEN TERM DEPOSIT SCHEME
41 PNB SURAKSHA
42 LAUNCH OF NEW SALARY PRODUCTS
43 PNB FLOATING RATE FIXED DEPOSIT SCHEME
44 PNB UTTAM – F.D. Scheme without pre-mature withdrawal facility (Non-Callable Deposit)
45 ACCEPTANCE OF BULK DEPOSIT UNDER NRE, NRO & FCNR (B).
46 Prospective Senior Citizens Recurring Deposit Scheme
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1. MITRA – SAVINGS FUND A/C FOR FINANCIAL INCLUSION
RBD (Resources) con Cir. No. : 40/2019
Eligibility :Individual(s) (Singly/Jointly). Minor of age 10 years and above & minors under
natural/legal guardianship. Illiterate/visually impaired persons.
KYC : Limited KYC norms. Self declared Identity & Address proof duly attested by any local
authority, members of SHGs, State/Central Govt. Employees, Advocates, Doctors and Teachers.
Notary Public etc. Photograph is must.
Permissible Withdrawal : Maximum Rs. 10000/- per month.
Permitted Extent Of Transactions/Operations:
 Balance in the a/c not to exceed at any point of time Rs.50000/- (taken together with all other
A/cs with our bank).
 Total credit not to exceed Rs.1,00,000/-at any point of time.
 50 charge-free transactions per F.Y. (including ATM withdrawals), thereafter a charge of Rs.
10/- per transaction. Full KYC requirements for opening a normal Saving Fund account to be
completed if any of the following condition is breached.
 Over DraftFacilty:
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 O/D facility of Rs. 100/- and upto Rs. 500/- would be granted abinitio through Bio-metric cards
by Business Correspondents.
 The overdraft to be allowed to FI customers may be Need Based.
 The maximum ceiling of overdraft shall be Rs. 2500/- per borrower irrespective of the area.
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Renewal once in three years Annual review.
Interest of Overdraft :As per IRMD guidelines issued from time to time.O/D to be adjusted at least
once in a quarter, else shall be recalled. Min. intt. Rs. 5/- per quarter.
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 Undertaking required that O/D not availed from other bank branch. No OD to Minors.
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Others : No cheque book to be issued under the Scheme.

 Debit Card/ATM Card/ Internet banking facility allowed.
 Closure of all other a/c maintained with our bank/other banks within 60 days of opening A/c.
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 Area of operation would be confined in radius of 20 kms of branch where the A/c is to be opened.
 All normal rules relating to nomination would also be applicable in this account.
AOF: PNB 1101; and for IT enabled Biometric Smart Card A/C: PNB –1161.
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2. BASIC SAVING BANK DEPOSIT ACCOUNT

RBD (Resources) Consolidated Cir No. : 40/2019 - Scheme Code: SBBDA
Eligibility :Any person including Minors aged 10 years & above (Self operated) or under
guardianship / Illiterate/Visually Impaired person can open this type of account, singly or jointly.
Minimum Amount: “0” and Q.A.B.: “0” Nomination : Available as per normal rules.
 Free RupayATM/Debit Card (AMC- Applicable). Accidental Insurance: Rs. 1 lac
(Usage at least one successful txn. preceding within 90 days from death – DBD Cir. 67/2015).
 Free cheques : 20 leaves p.a. can be allowed (QAB has to be maintained).
 Withdrawal over Branch Counters/ATM : Max. 4 per month.
 No limit for no. of deposits per month.
 Overdraft of Rs.10,000/- can be allowed on satisfactory operations in the a/c. (PSFID/
FINANCIAL INCLUSION / CIRCULAR NO. 14/ 2018)
 One person / one Saving a/c in same bank. Other a/cs in same bank to be closed by
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Customer within 30 days from opening such a/c. Biometric details must for using B.C.
Outlets-Kiosk Banking Solutions & can deposit/withdraw cash at BC Locations (HHT).
RBI vide notification dated 10.06.2019, has decided certain changes in the facilities associated with
the BSBD account, free of charge, without any requirement of minimum balance, and are as under:
The deposit of cash at Bank Branch as well as ATMs/CDMs
Receipt/ credit of money through any electronic channel or by means of deposit /collection of
cheques drawn by Central/State Government agencies and departments.
No limit on number and value of deposits that can be made in a month.
Minimum of four withdrawals in a month, including ATM with drawals.The minimum free
withdrawals available to the BSBD Account holders can be made at all ATMs (own-bank/other bank
ATMs).
ATM Card or ATM-cum-Debit Card.
The BSBD Account shall be considered a normal banking service available to all
. The holders of BSBD Account will not be eligible for opening any other savings bank deposit
account in that bank. If a customer has any other existing savings bank
deposit account in that bank, he/she will be required to close it within 30 days from the date of
opening a BSBD Account. Further, before opening a BSBD account, bank should take a declaration
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from the customer that he/she is not having a BSBD account in any other bank.
. These instructions will come into force with effect from July 1, 2019.(RBD® CIR 19 DATED
20.06.2019.)
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3.PNB JUNIOR SF A/C FOR MINORS
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RBD (Resources) Consolidated Cir. No. :40/2019 (Scheme Code : SBMIN)

Purpose: To offer an attractive S.F. A/c to Minors.
Type of A/c: U/G through Natural/Legal guardian/Self operated for Minors of 10 yrs& above.
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KYC : Fully compliant.

Initial Deposit : ZERO Q.A.B. : NIL Overdraft : NO
Concessions :Free Cheque Leaves-20 Per Half Year
 NEFT CHARGES: Free Upto Rs.10000/- Per day.
 ISSUE OF D.D. : Free for School/College Fee.
 RUPAY ATM/DEBIT CARD: Max. Rs.5000/- Per Day to minors above 10 year of age.
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 IBS / Mobile Banking: View Facility but taking liberty of RBI guidelines, additional facility
of Internet & Mobile banking can be given in self-operated a/cs by Minors of 10 years above.
 Free Piggy Bank (Gullak) : On Request (Ask Circle office to provide)
 On attaining majority convert A/c to SBGEN with fresh documents, photo/signatures.
4. PNB-VIDYARTHI SAVING FUND A/C (SBVID)

RBD (Resources) Consolidated Cir. No. : 40/2019
Eligibility :Self Operated by Students of 10 Years & above & Under-guardian ship a/c irrespective
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of Age but No ATM Card in U/G A/cs..
Initial Deposit : Nil Can Be Opened With Zero Balance.
Q.A.B. / Minimum Balance : Nil (For Both)
KYC : Applicable / Attestation by Principal.
Free :40 Cheques in a year/ATM Card (in self operated a/cs - AMC Payable) /Draft for Fees/
Intersol withdrawal.
Maximum Age: Vidyarthi a/c can be allowed upto Maximum of 21 Years of Age and to be
converted to „SBGEN‟ on attaining 21 yrs of age. Incumbents empowered to allow benefits upto 25
yrs of age on case to case basis for pursuing Post Graduate course.
Cessation Date is to be filled at the time of opening the account and all concessions to be withdrawn
on attaining 21 years of age.
Mandate :Be taken for converting account to SBGEN on attaining 21 years of age.
Exception Report: To check misuse of Vidyarthi a/c, CTRPT customized & Scrutinize if student a/c
is appearing in the report, Incumbent to enquire & get the A/c fully KYC compliant.
SBVID A/c not to be transferred to inoperative: Reason – credit of Scholarships.
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5. BANKING SERVICES FOR FOREIGN STUDENTS STUDYING IN INDIA
RMD Cir. No. : 31/2014 , RBD R 90/2017
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KYC procedure : Passport/Immigration/Visa/Admission Allotment letter.
Foreign Student can open NRO A/c and have to submit a valid local address proof either Rent
Agreement or Hostel Facility letter from Educational Institute within a period of 30 days from the date
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of opening the a/c.
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 Branches should not insist on the Landlord to visit the branch for verification of Rent documents
and alternative means of verification of local address may be adopted.
 During the 30 days period, till submission/pending verification of valid local address branch can
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permit :
- Inward remittance not exceeding USD 1,000 into the account.
- Maximum withdrawal of Rs. 50,000/- from the account.
 Neither IBS nor cheque books should be provided till the address proof is submitted.
 On submission of the proof of current address, the account would be treated as a normal NRO
account in terms of extant guidelines of the bank issued on NRO account.
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 Facility of entering local address & country code as IN (India) and capture of Indian Mobile No.
has been customized in Communication address in customer type `FSSII‟, already available in
CUMM. (RBD-Resources : 90/2017)
 Students with Pakistani nationality will need prior approval of RBI for opening the A/c.
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6. MINI DEPOSIT SCHEME (Revised)
RBD (Resource) Consolidated Cir. No.: 09/2019
Applicability :At Branches where Mini Deposit Scheme is in operation. The Scheme shall not be
introduced at any other branch other than those, where it is already implemented /operational.
No new Mini Depositor Collector (MDC) can be appointed.
Eligibility: All except Corporate Clients/Bodies/Joint Stock Companies. Revised scheme shall be
applicable to only those MDCs who opt for the ICT based scheme with the use of hand held
terminals (HHTs).
Minimum Amount: Rs. 10/- & in multiples thereof.

Upper Ceiling: Rs. 5000/- Per Month per A/c.
Menu Option: MDNOAAC Scheme Code: RDMDN.

No Commission: If Depositor deposits directly in the branch. Cheques Not Allowed for Deposit.
Period Of Deposit : 12/36/60 Months (Not changeable)
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Interest: Simple interest @ 3% /4% / 5% for 12/36/60 Months respectively. No additional intt. to Sr.
Citizens under revised scheme.
Minimum Ceiling P.M. For Collectors: Area „A‟ Rs. 5 Lac/Area „B‟ Rs.4 Lac & Area „C‟Rs.. 3
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Lac respectively.
Wages: Rs.8000 For all areas.

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Rate of Commission: @ 3% If target is achieved i.e Rs.3.00 Lac < Rs.5.00 Lac Rs.6000/- Area„A‟
& Rs.3000/- Area „B‟ & 2 % If deposit is collected above Rs.5.00 lac in any Area.
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Payment On Due Date: On submitting pass book & receipt, else principal + interest will be
transferred to overdue Mini Deposits a/c.
Premature Payment : Should be discouraged but if necessary then for deposits upto 12 months
customer has to pay amount of commission paid to Mini Deposit Collector. In other cases usual 1%
penalty clause.
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Loan Facility: Yes.

Interest on Loan : As per IRMD Guidelines.
Conveyance : RS. 750/- P.M. for ALL AREAS.
Gratuity : Can be claimed by Collectors from appropriate forum, if entitled.
Security: Rs. 5000/- &intt. to be allowed at Card Rate for the period.
7.PNB Pension Savings Account - Scheme code - SBNPS

To attract more Pensioners, particularly future pensioners, who are drawing their Pension through our
Branches have been allowed Overdraft facility through this New Product. The scheme will have the
following features/benefits:
Eligibility : Pensioner/Prospective pensioner who has given mandate for credit of pension in the A/c.
Joint A/c : Yes can be opened with spouse only.
Minimum Q.A.B. : Zero Initial Deposit : Zero Non maintenance of QAB : No charges
Various Free Facilities : 20 Cheque leaves per half year / NEFT / One Demand Drafts per month up
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to Rs.25,000/-, Collection of Pension cheque, Issuance of Rupay Debit card (AMC recoverable),
SMS alert charges.
Overdraft Facility* :Rs. 1 Lac or 4 times of monthly pension whichever is lower (Net of arrear, if
any, for this purpose the Incumbent to check the pension credit for the last two months).
Terms and conditions for Overdraft facility: *Overdraft facility only for those pensioners whose
pension is being processed by our bank through CPPC e.g. Central Govt./Defense/Railway/ Central
Civil, Telecom, Post/some State Govt. pension and our retired employees whose pension is being
processed by PF& Pension department of our Bank.
Maximum Age: 70 Years, at the time of sanction of Overdraft.
Request for Overdraft : to be signed by the both joint account holders.
Interest : At rates applicable to Pension Overdraft loans.
Adjustment of Overdraft : Any time during next 12 months, interest to be serviced every month.
Account must come in Credit once in 12 months, On death of spouse, pensioner to inform the bank
immediately & no further overdraft to be allowed in the A/c. Over Draft to be discontinued in case
Overdraft remains outstanding after the end of 12 months and penal intt. will be charged as per rules.
8. PNB POWER SAVING BANK A/c (Scheme Code : SBPWR)
RBD (Resource) Consolidated Cir. No. : 40/2019
Eligibility: As per RBI directives, any Resident Individual “WOMEN” can open this a/c.
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Initial Deposit: Rs.500/- Q.A.B.: Rs.1000/- Rural & Rs.2000/- other Centres - . Applicable charges
to be levied if QAB is not maintained.
Facilities Available: Sweep & Platinum Rupay Debit Card (AMC applicable).
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Cut-off level for Sweep in/out: Rs. 1 lac at all Centres across India. Sweep In/Out shall take place
in SF A/cs having a balance of over Rs.100000/- with a minimum Sweep-out/Sweep-In of Rs.10000/-
and thereafter in multiples of Rs.10000/- to/from Fixed Deposit.
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Sweep Dates : 5th/15th& 25th of every month. (Next working day If holiday on these dates).
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Period of FDR & Intt. : Minimum 7 days to a Maximum of 1 year & will fetch intt. at Card Rate for
the period. Amount remained in FD upto 6 days will not get any FD intt.
Issuance of Rupay Debit Card (Platinum)* :Cash withdrawal : Rs. 50000/- per day
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: Shopping :Rs. 1,25,000/- per day.

Various Free Facilities :(1) 40 Cheque leaves per Half Year. (2) Issuance of Statement
(3) Other misc. charges/Signature attestation/Duplicate P.B. (4) HL/VL/P/loan document charges
(5) NEFT /SMS alert Charges** (6) Issue of Demand draft – One draft per month upto 10000/-**
(7) Free Accidental death Insurance* (Rs.2.00 lac/Rs.5.00 lac) T&C apply.
Concession: Locker Rent (Small): 25 % Concession 1st year only. De-MAT : 25%
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*Free Accidental Insurance: Rs.2.00 Lac normally available to Platinum Debit card Holder
provided card has been used at least once during last 45 days. But if QAB in the A/c during the last
calendar quarter remains equal to or more than Rs.25000/- &Minimum one transaction on POS/E-
Com is done during the last 90 days from the date of accident/death, then compensation amount will
be Rs.5 lac in case of accidental death.
** Applicable if QAB of minimum Rs.5000/- in the last quarter is maintained.
PNB Reward Points For IBS Txns. : 1STTxn. through IBS : 50 – One Time Only.
• NEFT/RTGS/IMPS/Bill Payment: Rs.5 Per Txn. : Max. : 20 Per Day & 100 Per Month.
• Govt. payments: 20 per txns. - for all txns.
• IRCTC/Credit card payment: 10 per txn. & Max. 50 per month.
• On Line opening FD/RD A/c: 50 & for Statement through Mail: 40 One time only.
PNB Reward Points FOR Txns THROUGH MOBILE BANKING :
1STTxn. through IBS : 50 – One Time Only.
NEFT/RTGS/IMPS/Bill Payment :5Per Txn. : Max. : 20 Per Day& 100 Per Month.
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9. PNB PRUDENT SWEEP (S/F) SCHEME FOR INDIVIDUALs
RBD (Resources) Consolidated Cir. No. :40 /2019
Eligibility :Anyone who is permitted to open SF a/c by RBI. For Institutions (separate product)
Type of A/c : Saving & provides facility of automatic sweep of balance from S.F. a/c to F.D. a/c.
 Initial Deposit : RS. 500/- Only. Scheme Code–SBPPS(Public) & SBSPS (Staff)
 Q.A.B. : RS. 5,000/- R/S.U. areas &Rs.10,000/- In Urban/Metro Cities.
 Charges for Non-maintenance of QAB. : Rs. 150/- Rural/Semi-urban areas &
Rs.300/- (Urban/Metro), respectively, per qtr.
 Cut off level for Sweep out/in :Rs. 100000/- all centres.
 Sweep out/in Amount : Rs.10,000/- & in multiple thereof (LIFO basis).
 Tenor of FDR: 7 Days to 1 Year.Intt.: Card Rate (No Intt. on amount of FDR for 6 days).
 Sweep out shall take place on 5th/15th and 25th of every month. Sweep will take place on next
working day If holiday on these dates.
 Various Free Facilities: Upto2 remittances Max. amount Rs. 25000/-(for both) in a Month,
Collection of cheques (any) upto Rs. 25000/- in a Month, 100 cheque leaves in a F.Y., Retail-
IBS, 50% concession on AMC of De-mat A/c-1st year &ATM Card (AMC Payable).
10. PNB PRUDENT SWEEP (S/F) SCHEME FOR INSTITUTIONs (Code - SBPPI)
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RBD (Resources) Consolidated Cir. No. 40/2019
Eligibility :As per RBI directives, eligible Institutions including Govt. Deptts. Can open such A/c.
Type of A/c : Saving & provides facility of automatic sweep of balance from S.F. a/c to F.D. a/c.
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Initial Deposit :Rs. 500/- Only. For GOVT. : NIL
Q.A.B : RS.5000 in R/S.U. & RS.10,000 in Urban/Metro Cities. (QAB for Govt. : NIL)
Penalty : Rs.150 (Rural/SU area) & Rs.300 (Urban/Metro) Per Qtr. for Non-maintenance of QAB.
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Cut off level for Sweep out/in: Rs.10 Lac for All Centres.
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Minimum Sweep Out/In Amount : In multiples of Rs. 100000/- (LIFO basis).

Tenor of FDR : 7 Days to 1 Year Interest: Card Rate (No Intt. on amount of FDR for 6 days).
Sweep Out shall take place on Daily Basis.
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Various Free Facilities: 100 Cheque Leaves per F.Y. including 40 leaves provided free to S.F.
customers, 2 Remittances with Maximum amount up to Rs.25000/- P.M.(for both) & Free Collection
of Cheques up to the maximum amount of Rs.25,000/- in a month (Out of pocket exp.) & Retail IBS.
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11. PNB RAKSHAK PLUS SWEEP & OVERDRAFT SCHEME

RBD (Resources) Con. Cir. No. : 02/2019 & 92/2017 (CODE:SBDPS/SBDPO)
Eligibility: All Defence Personnel are eligible to open salary account under the scheme i.e.
all three wings of Defence. PNB Rakshak Plus Scheme also includes BSF, CRPF, CISF,
ITBP, State Police Force, Metro Police (Cities which follows Police Commissionerate
System- like Delhi Police, Mumbai Police, Kolkata Police etc.), Research and Analysis Wing
(RAW), Intelligence Bureau (IB), Central Bureau of Investigation (CBI) Indian Coast Guard
Personnel & Para-Military personnel.
Benefits of the scheme are also extended to all the pensioners who choose to draw their
pensions through PNB Branches and pension is credited through CPPC i.e. processed &
credited through our Bank.
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Exception: Accounts where pension is received by Cheque/NEFT/RTGS etc will not be
covered under scheme.
The Salary/Pension accounts are to be opened in the following Scheme Codes:

SBDPS (Scheme Code): PNB Rakshak Plus Account with sweep facility
SBDPO (Scheme Code): PNB Rakshak Plus Account with Over Draft facility
The occupation codes according to rank are provided as under to be filled in CBS at the
time of opening of account or converting the accounts under PNB Rakshak Plus Scheme:
PBORS : Person below Officer Rank.
OFFCR : Officer below Brigadier Rank or Equivalent
BRGEQ : Brigadier & above or Equivalent
Facilities:
Sweep Facility:
a) Savings Bank accounts opened / maintained under “RAKSHAK PLUS” have free Sweep-
In / Out facility, requiring an initial threshold amount of Rs 10,000/- in the Savings Bank
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account, subject to a minimum Sweep-in / out of Rs 1,000/- and in multiples of Rs 1,000/-.
This facility is not available to the RAKSHAK PLUS Savings a/c with OD facility.
b) TDRs/STDRs will be created through Sweep facility for a period of 7 to 365 days. The
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prevailing Fixed Deposit card interest rates for single Term Deposit on the amount Swept-
In/ Out in the account provided it remained under FD for a minimum 7 days.
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No „Cash Handling Charges‟ would be levied for withdrawal/deposit in „PNB RAKSHAK
PLUS‟ accounts. All branches of PNB, PAN-India, would be considered as Home branch.
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Overdraft Facility:. Primary account holder under the Scheme may avail overdraft up to a
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sum representing last three months NET Salary / Pension @MCLR + 2% p.a.
OD limit to be sanctioned manually by taking physical application form and loan agreement
and will be fixed as per eligibility.
The OD to be adjusted in six months and fresh OD limit can be allowed after adjustment of
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the previous one.

The maximum amount of OD is as follows:-
(a) Category – I (JCOs/ ORs of Indian Army & equivalents): Rs. 75,000/-
(b) Category – II (Officers of the Indian Army & equivalents): Rs. 3 lakh
OD facility is not available to A/cs with Sweep facility
Features:
1. Unlimited and free Cheque Book with Multicity „At Par‟ cheques. (Except for bulk
requirement for EMI payments to other banks FIs / NBFCs etc.)
2. Instant Credit of Outstation cheques: Upto Rs. 50,000/- in one instance for all
categories.
3. Free Up dation of Pass Book for all accounts including at Non-Home Branches.
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4. Free transfer of funds through cheque / other-wise, between all PNB branches (i.e.
local as well as outstation).
5. Free unlimited Issue of Draft(s)/ Pay Order(s) with a ceiling of Rs 50,000/- per free DD/
PO.
6. Preferential allotment of Lockers on Concessional AMC subject to availability, to all

categories of account holders under RAKSHAK PLUS package. 25% Annual
Maintenance Charges (AMC) to be waived-off for three years from date of issue.
7. Free issuance of duplicate passbook.
8. Free RTGS/ NEFT (online)
9. Free SMS Alerts for transactions in the RAKSHAK PLUS Savings account and on the
connected Debit / Credit card(s).
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10. Salary Family Accounts: Zero Balance Savings Bank account to the Parents, Spouse
and dependent Children of the “RAKSHAK PLUS” primary account holder.
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11. Free Personal / Air Accident Insurance Cover : RAKSHAK PLUS SB account
provides for free Accidental (Death/ Disability) Insurance Covers to the Primary Salary
and Pension Account holder, as here under :-
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(Group Personal Accidental Insurance policy under PNB Rakshak Plus Scheme has been
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extended from 01.09.2019 to 31.08.2020.The insurer is United India Insurance Company

Ltd.)
(a) Personal Accidental (Death) Insurance (PAI): PAI cover: Rs.30.00 lakhs, provided
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the monthly salary / pension for the past three months, preceding the month of the
accidental death, has been regularly credited in his/her RAKSHAK PLUS Savings
Bank account.
(b) Air Accident (Death) Insurance (AAI): AAI cover of Rs.One Crore, covering both the
International and Domestic travels, provided the ticket for such air travel was
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purchased by him/ her from his / her RAKSHAK PLUS Savings Bank account using
net-banking OR the Debit cum ATM Card issued under the RAKSHAK PLUS
Scheme and the monthly salary / pension for the past three months, preceding the
air accident, have been regularly credited in his/ her RAKSHAK PLUS SB Account.
(c) Personal Accident (Permanent Total Disability) Insurance: Cover of Rs.30.00 Lakhs,
provided the monthly salary for the past three months, preceding the month of
accident resulting in permanent total disablement, have been regularly credited in
his/ her RAKSHAK PLUS SB Account.
12. Free Platinum RuPay International Debit cum ATM Card to officers of Indian Army &
equivalents.
13. Free Classic RuPay International Debit cum ATM Card to JCOs/ ORs of Indian Army &
equivalents.
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14. One Add-On card, of similar category, free of charge, for the joint account holder, as
assigned by the Primary holder in the Savings bank under the RAKSHAK PLUS
Scheme.
15. Any number of transactions, using ATM cum Debit card issued to the Primary Account
Holder/ Joint Account holder, can be made, free of charge, by the holder at the ATMs
of PNB.
16. The ATM cum Debit cards, would be provided free of cost and no AMC would be
levied so long as the connected SB a/c under RAKSHAK PLUS package is kept active.
17.PNB RAKSHAK PLUS – Zero Balance Saving Account to Family Members.

Zero Balance SavingsBank account in the name of Parents, Spouse and dependent
Children of the“RAKSHAK PLUS” primary account holder”. Account of Family Member can be
opened under „SBDPR‟ scheme code. IfAccount of family member already exists, it can be
converted to the abovescheme code. System will permit only one such account under this
scheme.
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1. Credit Cards:
PNB-RuPay Credit Card (with a separate card design for defence forces), named
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as
„Rakshak Platinum RuPay Credit Card‟ (for JCOs/ ORs of Indian Army &
equivalents i.e. Category I) and
„Rakshak Select RuPay Credit Card‟ (for Officers of the Indian Army &
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equivalents i.e. Category II). The Cards will be on NPCI RuPay platform and will
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have the following features:

Rakshak Platinum RuPay Credit Card.
3
Exclusive personal accident insurance and Permanent disability upto Rs. 2 lakh
(If card is used during last 45 days)
Zero joining Fee
Zero Annual Fee (If card is used at least once in each quarter of preceding year,
otherwise Annual Fee Rs 500/- per annum).
300 Reward Points Activation Bonus (each Reward Point = Rs.0.50)
08
1 reward point is given on each Rs 100 spent through credit card.
Easy EMI is available on request.
Fuel Surcharge waiver
RuPay Concierge services including Assistance for Car rental reservation, Hotel
referral &reservation, dining referral and reservation, Investment/insurance
Consultancy. [Subject to NPCI arrangements for Concierge services, offers/tie-up
and insurance plan etc.]
Rakshak Select RuPay Credit Card

Exclusive personal accident insurance and Permanent disability upto Rs.10.00
lakh (If card is used during last 45 days).
Zero Annual Fee *(If the card is used at least once in each quarter of preceding
year otherwise Rs750/-)
Zero joining Fee
300 Activation Bonus
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Complimentary domestic and international lounge programmes
Earn 2 reward point on each Rs 150 spent through this card.
Easy EMI.
PNB RuPay exclusive cash back offers for frequent users.
Fuel Surcharge waiver
RuPay Concierge services
Assistance for Car rental reservation, Hotel referral & reservation, dining referral
and reservation, Investment/insurance Consultancy [Subject to NPCI arrangements
for Concierge services, offers/tie-up and insurance plan.
Credit Card limit: Two times of net monthly Income/ pension subject to maximum limit as
per prevailing bank policy from time to time
2. Financial Support of Rs. 1 lac per year for 4 years or the actual expenditure
whichever is less for Education for the dependent child of a PAI (Death) Case,
for education of one surviving and dependent child (Male / Female) of a PAI (Death)
case under RAKSHAK PLUS Scheme.
:53
3. Concessional Rate of Interest on Housing Loan, Personal Loan, Car Loan &
Education Loan
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4. Full waiver of Processing Fee/ Upfront Charges & Documentation charges on
Housing, Car & Personal Loan scheme.
20
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Withdrawal of Benefits in the event of non - credit of salary in the PNB RAKSHAK PLUS Savings
Bank account for three consecutive months and/or any default in loan accounts of a RAKSHAK
PLUS account.
3
Charges for Closure of Account.: Rs. 150/- if closed before completion of one year. However, in
case of death of the Primary account holder under Rakshak Plus Scheme, no charges will be levied if
the account is intended to be closed.
08
12.PNB SHIKSHAK SWEEP & OVERDRAFT SCHEME

RBD (Resources) Consolidated Cir. No. : 40/2019 : Scheme Code : SBSSS/SBSSO
 Eligibility :All Permanent Teachers of Recognized Schools/Colleges/ Educational Institutes.
 Minimum Deposit : ZERO
 Q.A.B. : NIL
 Cut off Level for Sweep : Rs. 15000/-
 Sweep Out/In : Rs.1000/- & in Multiples thereof on daily basis.
 Tenor of FDR : 7 to 179 Days & for FD interest, amount must remain in FFD for 7 days.
 Interest Rate: Prevailing F.D. Card interest rates applicable on deposits <Rs. 15 lacs.
 Overdraft: Rs. 50000 or last Salary credited whichever is less.
 Interest on Overdraft: As charged from time to time in Personal Loans - IRMD L&A.
 Teachers of Pvt. Schools can avail Overdraft if their Salary continues to be credited by School
with undertaking &take prior permission for any change &take N.O.C. from Branch & shall
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not settle terminal dues without permission. This condition will not apply to Central/State
Govt. school teachers whose salary is being disbursed by our branches.
 Withdrawal of Overdraft Facility : Immediately in case O/D remains outstanding by the
end of the succeeding month & other corrective measures for recovery to be taken.
 Deactivation of A/c: If the salary for last two consecutive months is not credited in salary
a/c of the Teacher, account be deactivated without giving any further notice to this effect to
the teacher and the account be closed by remitting the funds to him.
 Various Freebies in Shikshak A/c : Personalized Platinum Debit Card with Maximum Per
Day ATM withdrawal Limit of Rs. 50000/- and with Shopping limit of Rs. 125000/- per day.
 Retail IBS: Charges to 3rd Party Like Railway etc. are payable.
 Cheque Books for routine requirements.
 RTGS/NEFT/INTERSOL : Free
 Standing Instructions: Free within the same branch.
 50% Concession in Rent (Small Locker) 1st year only.
 Full waiver of AMC of DeMat A/c-1styr only
 Free :3 Drafts P.M. with Ceiling of Rs. 25,000 Per Draft (through Salary a/c& no cash).
 Purchase of 3rd Party Cheques upto Rs. 20000/- etc.

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Margin :10% for H/L upto Rs.50 Lac & Car Loan.
 Charges for closure of a/c within 1 year from opening of a/c :Rs.150/-.
TIPS :
19
 Opening-New A/cs with e-KYC-Aadhaar Authentication at Branches/Back Offices:RBD(R) Cir. 85/2017
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 Non-Credit Related Service Charges : RBD (Resources) Con. Cir. No. 74/2017
 Delegation of Powers for issue of Term Deposits from Retrospective Effect : RBD (Res): Cir. No. 73/2017
 Safe Deposit Vault (Lockers) RBD (Resources) Con. Cir. No. 71/2017
20
 Jt. A/c of Illiterate person with others & Issuance of cheque book in these A/cs : RBD (Resource) 67/2017.

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Policy of Inoperative A/cs & unclaimed deposit : RBD (Resources) Con. Cir. No. : 62/2017.
 Settlement of claims pertaining to deceased , missing customers of the bank with respect to their deposits ,
lockers and articles in safe custody .A new menu option “CLAIM” has been customised in CBS
.RBD(R)CIR 51 dated 31.12.2019.
3
 Maintenance of Q.A.B. in S.F. A/c & Non-credit related Service Charges : RBD (Resource) 47/2017.
 Depositors Education Awareness Fund :Command :DEAFC” - Activate “OPACTF”RBD(Resource) 46/2017
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13. TOTAL FREEDOM SALARY A/C : SCHEME CODE-SBTFS

 Eligibility:The permanent employees can be allowed to open Salary a/c but the minimum
number of accounts to be opened should be 10 or 75% of the strength of the permanent
employees of the Corporate (in that location), whichever is lower.
 Initial Deposit /Q.A.B. : Zero / NIL
 Overdraft :Upto Rs. 50,000/- or last salary credited in the A/c, whichever is lower. O/D facility
to be marked at the time of opening A/c & will be available through ATM/Debit Cards also.
Corporate has to give an undertaking that they would not settle the terminal dues of the
employees leaving the job without obtaining prior N.O.C from the branch for any type of loan i.e.
H/L, Car & P/L. It is a must condition to avail credit facility from Bank& not applicable for
Central/State Govt. employees.
 Interest on Overdraft : As charged on Personal Loans. Overdraft is adjustable any time during
the next 6 months salary(ies) or in bullet repayment, if desired. Intt. Recovery : Every Month.
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 Other Various Free Facilities: 40 cheque leaves in a year, over & above 40 free cheques
normally given to customers, Statement of A/c, Free issuance of all types of certificates including
Intt./Balance Certificate etc., 50% discount on one Locker of Small &Medium Size Locker &
AMC of Demat A/c (1st year only), PNB Debit/ATM Card with Accidental Insurance cover
(AMC recoverable), RTGS/NEFT transaction, if routed through salary a/c, Retail Internet
Banking, one D/D upto Rs. 25,000/- per month (through salary a/c), Fund transfer upto Rs. 1 Lac
per day from salary A/c within our branches.
 If Salary is not credited in the salary a/c of the customer for last 2 consecutive months where the
account is introduced by the employer, then concerned salary a/c shall be deactivated without
notice & A/c transferred to SBGEN.
 In A/c where O/D facility has been sanctioned / availed, the O/D will be first adjusted &
thereafter the A/c shall be transferred. These guidelines shall be applicable in other Salary A/cs
opened under different scheme codes like SBSAL also.
14. TOTAL FREEDOM SALARY A/C - 2nd VARIANT
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For High End Salary A/c (HESA) Scheme Code: SBHES
 Eligibility : Permanent Employees drawing Gross Salary of Rs. One lac & above p.m.& to be
opened through with „Welcome-Kit‟-Menu Option-“KITACT”.
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 Minimum Deposit : Can be opened with Zero
 Platinum Debit Card: Cash withdrawal: Rs.50000 & Shopping Rs. 125000/- per day and Rs,
2 lac Accidental Insurance cover to active Debit Card Holders. (Issuance &AMC Free)
20
 Over-draft :Rs. 1 lac or last salary Credited in A/c whichever is less. O/D facility to be
/01 09
marked at the time of opening A/c & will be available through ATM /Debit Cards also.
Corporate has to give an undertaking that they would not settle the terminal dues of the
employees leaving the job without obtaining prior N.O.C from the branch. This is a must
3
condition to avail credit facility from Bank.

 Interest on Overdraft: As charged on Personal Loans.The overdraft is adjustable any time
during the next 6 months salary (ies)or in bullet repayment, if desired, & interest to be
recovered on monthly basis from Salary. The facility of O/D shall be discontinued
immediately in case the O/D remains O/s after the end of 6 months besides taking other
corrective recovery measures.
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 Additional Benefits: Full Waiver of Processing/documentation charges on Home/Car/Personal

Loan, 50% discount on one Small & Medium Size Locker & AMC of Demat A/c (1st year only),
Instant Credit outstation cheques upto Rs.25000/-. Free : Credit Card, if eligible/DD/
Certificates, Utility Bill Payment/Retail IBS and SMS alert facility etc.
15. PREMIUM SAVING ACCOUNT

RBD (Resources) Consolidated Cir. No. 40/2019 : Scheme Code : SBPRM
Eligibility: Individuals (Either Singly/Jointly), Associations, Trusts, HUFs, Clubs, Societies etc.
subject to fulfilling eligibility criteria (Domestic Depositors) of RBI for SB A/c, on compliance of
KYC guidelines, execution of A/c opening form & completion of requisite formalities, viz.,
Photographs, Identity and Address Proof etc.
 Initial Deposit: Rural-Rs. 500/- & Rs.1000/- other Centres
 Min. Q.A.B. : Rs. 50,000/- & above
 Non Maintenance of Min. QAB : Charges (per quarter): No charges for Non-maintenance
of QAB of Rs.50000/- but if Area wise Minimum QAB (Rural Rs. 1000 & Other Centres
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Rs.2000/- , is not maintained then charges to be levied as per RBD Res. Cir. No. 74/2017.
 Free Cheque Leaves :40 Cheque leaves per year + 20 additional cheque leaves (5 per qtr.) if
QAB of Rs.50,000/- & above is maintained during last quarter.
 RTGS/NEFT charges :Free if Routed through a/c.
 Cash Deposit Charges : Base Branch : Free Non Base Branch : 50% discount on
applicable charges (Local/outstation)
 Inter-sol transfer/Clearing: Free either same clearing city/centre or transfer of funds to
accounts at outstation branches.
 Cash withdrawal Charges at all branches : Free
 Instant credit of o/s Cheques per qtr:Rs.25000 (satisfactory operation/QAB for 2 qtrs).
 Free Collection of o/s Cheque(s) :Max. of Rs. 1 lac per qtr. (issued in f/o customer).
 Issue of Demand Drafts: 50% discount on issue of draft upto Rs. 1.50 lac per qtr.
 Stop Payment & A/c Statement Charges : Free in addition to pass book.
 Concession - Upfront Fee/ Processing Fee : 50% - For H/L upto Rs. 50 lac & Car Loan upto
Rs. 6 lac concession will be available after maintaining QAB for 2 quarter.
 Rebate /Discount in Locker Rent (Small) :50% 1st year only.
Issue of Free Debit Card :Platinum Card + 2 add on. (P.A.I. cover Max. of Rs. 2 lac).
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16. FAMILY PROTECTION A/C (SURAKSHA BACHAT KHATA)
RMD Cir. No. : 23/2016 – Scheme Code : SBLIP
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Family Protection A/c (New Name): A combination of Saving Fund & Insurance plan “Family
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Income Protector Plus” of PNB Met Life providing unique proposition of Term Assurance with
Return of Premium (TROP) plan bundled with S.F. A/c which gives monthly income benefit to the
nominee on demise of the Insured and helps managing the family‟s expenses. However in case the
20
nominee demands lump sum amount, the same option is also available.
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Eligibility : Individual (Single) Saving A/c applicant and normally will be offered Classic Debit
Card ( Platinum Debit Card will be given to those who maintain QAB of Rs.50000/-).
3
Entry Age :Min.: 25 yrs&Max. 60 yrs as on last birthday willing to purchase this product.
Coverage of Term Options :10 Yrs or 15 Yrs (if entry is at 60 yrs, policy term will be 15
yrs.)Maximum Maturity Age : 75 years. Premium Payment/Mode : Monthly/Yearly
Premium : As per table in Circular (Appendix-II) & is based on Per Month Protection Amount as
desired by the Insured for his family after his/her death which is Rs.10000 or Rs.25000/- p.m.
Pay out amount as per option :As per Table at Appendix-III(Refer Circular). Payment on
08
Maturity : Equal to 110% of the total premium paid by Insured if he is alive provided, the policy is
in force till the coverage term period (10 or 15 years).
Minimum base sum assured: For 10 Years Period : For 15 Years Period For Rs.10,000/- P.M.
Income Option (minimum) : Rs. 14.20 Lacs : Rs.12 Lacs For Rs.25,000/- P.M.
Income Option (maximum): Rs. 35.50 Lacs : Rs. 30 lacs
No Medical Checkup required only undertaking of good health. Policy can be surrendered any
time during the opted period (Surrender Value as per Appendix-IV of Circular) &no value will be
given if policy is surrendered before 3 years. Within 15 days insured can take back the premium if
unwilling to continue. Existing Customers‟ A/c Scheme code to be changed to SBLIP, if opt, or
New SB a/c. Death due to suicide (sane/insane) not covered for 1st year from date of 1stadmission.
17.CURRENT ACCOUNT ( Scheme Code : CAGEN)

IAD Cir. No. 4/2012, 23/2015& RMD Cir. No.45/2016, 35/2015& 32/2014, RBD R Cir 42/2019
Eligibility & Purpose :Individual/Sole Prop./Partnership/Company/Society/Associations/ Clubs/
14 | P a g e
HUF/Trusts etc. (AOF–1251) can open Current A/c, for diversified banking requirements to carry
out business activities, on completion of KYC procedure & submission of related documents of the
concerned Organisation/authorized person(s) i.e. Address Proof, PAN /Form-60/61/GIR No./Letters
of authority to operate A/c(s) (Form no. PNB-49), copies of Partnership Deed/ Memoranda and
Articles of Association/Rules of Association and Societies, who will operate the A/c with an
undertaking that the applicant is not availing credit facility from any other bank. Data related to the
applicants must be recorded in the system. The Specimen Signature of all concerned should be held
on record/system.
 Initial Deposit/Q.A.B. :Rural-Rs.2500, Semi Urban-Rs.5000 &Urban/Metro-Rs.10000
 Menu Option : OAAC
 Interest on C/A Deposit :Normally not paid on Current Deposits, however, on death of
Individual or Sole Proprietor SF Rate is given on the balance kept in the a/c & Smart
Banking C/A is an Exception where Interest is paid at Card Rate if amount remains in FFD .
 Various Charges :For Cheque Book / Qtrly Charges for Non Maintenance of Q.A.B.,
Incidental Charges to be levied on Half yearly basis & Cheque returning charges etc.
 A/c Maintenance Charges: Rs.1.80 per entry Min. Rs. 50/- & Max. Rs.1000/- (Qtrly. Basis
beyond free of charge permissible entries)
 Nomination facilities : Available for Individuals/Sole Prop. A/cs.
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Revised Cash Deposit Charges Effective From : 15.03.2014 – RMD Cir. No. 32/2014
 At Base Branch: For CA/CC/OD : Up to Rs.2 Lac P/Day – Free, > Rs.2 Lac-Re.1/- per
Rs.1000/- or part thereof.
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 Intersol within same Clearing Centre/City :Rs. 1/- per Rs. 1000/- or part thereof with a
minimum of Rs. 25/- per transaction. Intersol-outstation :Rs. 2/- per Rs. 1000/- or part
thereof with a minimum of Rs. 25/- per transaction. Such Charges shall also be charged if
20
cash is deposited in the A/c through CDM.
 3rd Party Cash /Transfer Payments :Rs. 1 lac/Rs. 2 lac per day (aggregate of all intersol)
/01 09
 Withdrawal from A/c : No restriction on no. of withdrawal but if cheque is drawn for a sum
less than Rs.50/- then charges @ Rs.20/- per such cheque will be recovered from Non
3
Individual customers only (RMD Cir. No. 32/2014).

 Inoperative : If No transaction in the A/c for 24 months, A/c automatically becomes
“Dormant/Inoperative” and on written request can be made operative without charges.
 Inactive concept for SF / CA dispensed with (IAD Cir. No. 49/2011).
 Closure of A/c within 12 months of opening : Charges will be recovered as per RBD( R )
Cir. No. 74/2017 depending upon Area/customer i.e. Non-individuals : Rs. 800/-,
08
Individuals : Rs.600/- & Rs.500/- for individuals at Rural Centres & for pensioner (all area).
 Discipline in C/A :RMD Cir. No. 53/2016 ,RBD R42/2019 – Obtain Declaration with
regard to whether enjoying credit limits or not from other bank(s)/our bank or branch with
details.
18. PNB SMART BANKING CURRENT ACCOUNT SCHEME

With or without Sweep Facility :RBD (Resources) Consolidated Cir.42/2019,
Eligibility: Current A/c can be opened by Individuals (either singly or jointly), Associations,
Trusts, Partnership Firms, Proprietorship Firms, Hindu Undivided Families (HUFs), Firms,
Societies and Corporate Entities, on compliance of “Know Your Customer (KYC) Guidelines”,
execution of A/c Opening Form and completion of requisite formalities, viz., Balance Sheet,
Article & Memorandum of Association, photographs, identity and address proof, etc. The
scheme has 4 types of flavours/ Type of Accounts i.e. Silver, Gold, Diamond & Platinum and
for each flavored a/c customer has to maintain different Q.A.B. & accordingly gets no. of free
15 | P a g e
benefits. The detailed features of all the 4 flavours are as under :-
Sl.No. Particulars VARIANTS/FLAVOURS
PNB PNB PNB PNB
SILVER* GOLD DIAMOND PLATINUM
Scheme code CSMR1 CSMR2 CSMR3 CSMR4
1 Minimum Q.A.B. in Rs….. 1,00,000 2,00,000 5,00,000 10,00,000
2 Initial Deposit 5,000 5,000 5,000 5,000
(R/SU/U & M) in Rs…..
3 Non Maintenance of QAB 500 1000 2000 4000
Charges (per qtr.) in Rs..
3A* Charges : Non Maintenance Rural/Semi Urban-QAB is below Rs.1 lac : Rs.500/-
of QAB in Silver Variant Urban/Metro-QAB below Rs.1.00 lac but ≥Rs.10,000 :
Rs.500/- & if QAB below Rs.10,000/- : Rs.1000/-
4 Min. Balance for Sweep-in/ 10,00,000 10,00,000 10,00,000 10,00,000
Sweep-out facility in Rs…
5 Sweep-in and Sweep-out 50,000 50,000 50,000 50,000
in multiples of Rs….
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6 Tenor of Term Deposit 15 to 91 days(Amount will be swept out on 5th and
(At applicable card rate) 20th of every month-if there is holiday on these days,
sweep to take place on the next working day).
19
7 No. of Free Cheque Leaves 100 200 300 600
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(per quarter)
8 RTGS/NEFT charges Free Free Free Free
9 Concession in Cash Up to
20
Up to Rs.5 Up to Rs.5
Deposit Charges- Up to Rs.2 lac Rs.10 lac
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lac per day- lac per day

per day- Free, per day -
Free - Free
Base Branch thereafter Free
thereafter thereafter
applicable thereafter
3
applicable applicable
charges applicable
charges charges
charges
Local Non base Branch Up to Up to Up to Up to
Rs.50,000 per Rs.1 lac per Rs.2 lac Rs.10 lac
day –Free day –Free per day per day –
08
thereafter thereafter Free Free

applicable applicable thereafter thereafter
charge charge applicable applicable
charge charge
Outstation Non base Branch Up to Up to Up to Up to
Rs.50,000 per Rs.1 lac per Rs.2 lac Rs.10 lac
day –Free day –Free per day per day –
thereafter thereafter Free Free
applicable applicable thereafter thereafter
charge charge applicable applicable
charge charge
10 Inter-sol transfer transaction
charges Free Free Free Free
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11 Concession in
Cash withdrawal Charges: Free Free Free Free
i)Base Branch
ii)Local / Outstation non 25 % of 50 % of 75 % of Free
base branch applicable applicable applicable
charges charges charges
12 Instant credit of outstation
cheques Maximum
outstanding amount at any
point of time irrespective of
15,000 20,000 50,000 1,00,000
the number of cheques -
after ensuring six months of
satisfactory operation in the
account.
13 Free Collection of outstation
Cheque per quarter
0.50 lac 2.00 lac 5 lac 10 lac
maximum upto Rs...
per quarter per quarter per quarter per quarter
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(Issued in favour of
customer)
14 Annual Custody Charges for
Demat Services (except Waived Waived Waived Waived
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NSDL/ CDSL charges)
15 Issue of Free Demand Drafts 5 nos. Max 10 nos 15 nos. 30 nos
per quarter Amt. upto Max. Amt. Max. Amt. (Max.
20
Rs.50000 upto upto Amt. Upto
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Rs. 2 lac Rs.5 lac Rs.10 lac

16 Stop Payment instruction
charges Free Free Free Free
3
17 Account Statements Fortnightly Fortnightly Weekly

Free
Free Free Free
18 POS Machine- Applicable 50% Free Free
Installation Charges Charges concession
on
08
Applicable
Charges
Transaction Processing Applicable 50% Free Free
Charges Charges concession
on
Applicable
Charges
Charges will be decided at HO Level on the basis of merit
Merchant Service Fee
of each client.
19 Credit Card (Corporate/
Individuals, i.e, Proprietor,
Partners, Promoters &
Free Free Free Free
Directors etc.)- Joining Fee/
Renewal Fee/Annual Fee on
Primary & Add on Card
17 | P a g e
20 PNB Fee Portal & Payfee
Free Free Free Free
21 Fund Collection Module Free Free Free Free

22 Door Step Banking
Applicable
Services Free Free Free
charges
i. Transaction Charges
ii. Cash Handling Charges As per sl. no. 9.i to 9.iii above
iii. Agency Charges Applicable Deposit Deposit Deposit limit

(The charges are finalized charges limit of Rs.2 limit of of Rs.10 lac
by Circle Offices) lac per day Rs.5 lac Per day free
free (For per day (For more
more than free (For than Rs.10
Rs.2 lac as more lac as per
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per terms than Rs.5 terms
decided by lac as per decided by
C.O. terms C.O.
19
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decided
by C.O.
Advance against clearing / 25,000 50,000 1,00,000 2,00,000
23 Purchase of local cheque
20
upto in Rs.
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Other terms & conditions

Guidelines for Current Accounts for existing as well as new customers will be as under:
3
A- NEW CUSTOMER.
i. Customers will open Current A/c (With or without Sweep-in and Sweep-out facility) under any
variant except Non Resident Indians, Banks / Financial Institutions/ Illiterate Customers and the
persons incapable of directly entering into a contract.
ii. Customers who do not opt to maintain prescribed QAB for availing freebies, may open existing
normal Current Account.
08
iii. It is advised that while opening current account(s) of Micro Enterprises, Udyog Aadhar need
not be insisted upon. Further, certificate of incorporation be obtained as per extant guidelines of
the bank, i.e. in case of Public. Limited Company & Limited Liability Partnership (LLP).
the
iv.Bank should obtain following declaration from the prospective customer:
“That I/we am/are not enjoying any credit facility with any other bank /any other branch of
your Bank and I / we undertake to inform you, in writing, as soon as any credit facility is
availed of by me / us from any other bank / any other branch of your Bank.”
OR
“That I / we am / are enjoying credit facilities with other bank(s) / other branch(es) of your
Bank, as per the details given in the enclosed sheet.”
B- EXISTING CUSTOMER
i. Non Resident Indians, Banks/Financial Institutions will continue with General Current A/C .
ii. General Current A/c holder may continue with the existing Current Account. They may
18 | P a g e
otherwise opt for PNB Smart Banking Current A/c (With or without Sweep-in and Sweep-out
facility).
iii. Existing guidelines in respect of Premium Customer concept for Current A/c Customers issued
vide RBD : DEP: Cir. No. 14/2008 dt.16.04.2008 will not be available under CAGEN Scheme
code.
Further, in compliance of instructions of IBA vide letter no.OPR/CIR/1114 dated

22.09.2016, it has been decided to implement following guidelines for existing/new
current accounts of borrowers of other banks:
· Not to open new Current Accounts without obtaining NOC from lender Bank, if the
customer has enjoyed any credit facility.
· To close the current accounts of entities when it comes to know that the current account
customer is enjoying credit facilities from other banks and NOC from the lender banks is not
obtained.
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3
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19. PNB SUVIDHA WITH PULL SWEEP FACILITY
RBD (Resources) Consolidated Cir. No. : 69/2017& ITD CBS Cir. No. : 137/2010
Purpose :PNB SUVIDHA with Pull Sweep Facility product was introduced in 2010 &is most
suitable for customers, who maintain multiple accounts, in the same Name & Style/capacity, and
of multiple scheme types, for better fund management across PNB branches.
Eligibility : Any individual (singly or jointly), HUF, a Firm/a Club, Association, Educational
Institution, Municipality, Panchayat, Society, Trust, etc. having accounts of similar capacity can
opt for this facility. Each customer has to give request on Specific Form for opting for facility.
Type of Accounts where Pull Sweep can be allowed: The customer accounts types like Saving
Fund A/c, Current A/c, Cash Credit A/c, Overdraft A/c and Term Deposit A/cs (Flexi FD A/c), can
be marked for pulling under the scheme. The scheme type like LAA (Loan A/c), PCA (Packing
Credit A/c), BIA(Inland Bills) &FBA (Foreign Bills) cannot be used with this feature.
Order of Sweep at Bank Level :At the bank level, the order of sweep has been set like SBA,
CAA, ODA, CCA, TDA (Flexi Fixed Deposits). The system will process accounts in that order
only. This order will be fixed and not changeable at account level.
Pulling Features Set Up: The DBA User of the Branch will set pulling features in the account for
each customer (who opts for the scheme). The DBA has to run menu option “SWEEPS”. For
allowing this facility to the customers, the branches to modify CUMM „G‟ details – 6thpage – Set
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allow sweeps to „Y‟. This will allow the pool to be set up. A customer can have more than one
pool.
Main account will be at base SOL and they can attach other SOL‟s a/c also for this purpose.
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Order of Sweep at Account Level :Within the eligible accounts for the pool, customer can
indicate the order in which the sweeps should happen within the scheme types i.e. in case four
accounts under S.F. category, customer can choose order of pull amongst the four accounts.
20
There is no restriction that the user should enter the order in the same way. The system will put it
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in the ascending order within the scheme type. System will first identify all positive balance A/Cs
and then the negative balance A/Cs.
Account Number :This is only a display field. The system displays all the account numbers
3
pertaining to the same customer id. If any a/c opened after taking sweep facility, customer can
request and the user can add that a/c at the end. Accounts of different customer ids of the same
customer cannot be added in the scheme. (System gives message in such cases).
Restriction :1 A/c added in one pool cannot be attached in / with other pool of accounts.
However, after deleting the A/c no. from that pool, it can be added/set in another pool. Frozen
A/cs cannot be a part of a pool and an A/c of the pool cannot be frozen. Any A/c added in Pool can
08
be suspended (S) or suspension can be revoked (R) at a later date.

Relationship Type : System displays the relationship of the account. It could be main account
holder or Joint A/c holder etc. This is a display filed and protected.
Min. Qtly. Average Balance / Sanctioned Limit Requirement & Service Charges
Particulars Min. Bal./QAB (in last qtr.) Service Charges
Upto 4 A/cs Qtrly 4 Lac in any of SF/CA Presently Free
OR
4 Lac limit in CC/OD
More than 4 A/cs Qtrly 4 Lac in any two of SF/ CA and/or Presently Free
4 Lac limit in any two CC/OD
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20. RECURRING DEPOSIT SCHEME:
RBD (Resources) Consolidated Cir. : No. 34/2019
Eligibility: Any individual, singly or jointly, by a Minor of 10 years and above in his own name
or under guardianship irrespective of any age, HUF, Firm, a Club, Association, Education
Institution, Municipality, Panchayat, Society or Trust etc. NRI(s) can also open RD-NRO A/cs.
Scheme Code : „RDNEW‟ for public and „RDNST‟ for Staff
Minimum Deposit :Rs. 100/- & in multiples thereof.
Maximum Deposit :No limit Period : From 6 months to 120 months in multiple of 1 month.
No. of installments & amount of installment once fixed cannot be amended.
Interest :As in case of Term Deposits on quarterly compounded basis. Installment to be
deposited on or before last working day of the month. Extra Intt. to Sr. Citizens & Staff.
Penalty on delayed deposit: Rs. 1.00 per Rs. 100/- per month, irrespective of deposit period.
Maturity :The deposit shall mature 30 days/one month after payment of last installment or on
due date, whichever is later.
Premature closure :Allowed at Base Branch only with 0.50% interest penalty. If RD is closed
within 1 month no intt. will be paid &Rs. 100 will be charged if closed within 1 year. (74/2017)
Free Accidental Insurance :Available to those depositors who open their New R/D account with
:53
minimum monthly installment of Rs.5000/- & above and which are regular. The account will
not be eligible for insurance claim if an installment in any a/c is not deposited even in the
succeeding month from the month in which it was due. The extent of cover is Rs. 2.00 lacs for
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Individual A/c Holder and First named person in case of Joint A/cs.
Tax Deduction at Source : Applicable, if interest income in a F.Y. is Rs.10000/- & above.
Benefits: Customer gets 50 Reward Points for opening A/c through IBS in PNB Reward Scheme.
20
If installments are not paid regularly till maturity, simple interest will be paid on daily products
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basis compounded half yearly and penalty for non-deposit of installment has been dispensed
with.
Loan Facility: Available &Interest shall be as specified by HO :IRMD from time to time.
3
21. PNB FLEXI RD SCHEME : RBD (Resource) Cir. No. 34/2019

Menu Option - „FOAAC‟ : Scheme code : „RDFLX‟
Eligibility: Any individual (singly or jointly), by a Minor of 10 years and above in his own name
or through his guardian, Firms, Clubs, Associations, Education Institutions, Municipal Corpns.,
08
Panchayat, Govt. and Quasi-Govt. bodies, Co-operative Societies, Religious or Charitable

Institutions, HUFs and Corporates etc.
Min. Core Amount :Rs. 100/- p.m. or above in its multiples. Max. Core Amount : No Limit
Max. Deposit Per Month :10 Times of Core Amount. (No intt. on excess amount deposited).
Period :From 6 months to 120 months (can be made in days also).
Interest: At Card rate to term deposits (daily product basis) below Rs. 1 Crore. However, at any
point of time bank introduces a slab below Rs. 15 lacs the same will be applicable. Interest shall
be credited to the a/c on half-yearly basis in March/September. Benefit of additional rate of
interest will be given to Sr. Citizens & to staff and ex-staff members.
Penalty :No penalty on missed installments. Part Withdrawal :Before Maturity Not Allowed.
Premature : Premature cancellation is allowed &interest payable would be contractual Rate or
the Rate applicable for the period for which Deposit has actually run, whichever is less Minus1%
Penatly to Staff Members & Senior Citizens and Instances of Death of the Depositor before
Maturity, would continue to be exempted from the Levy of Penal intt.
Loan against Flexi R.D. : Available and Intt. on Loan will be charged as per IRMD guidelines.
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Caution: Premature Payment/Cancellation/Loan/Transfer of A/c to be done at Base Branch only.
Tax Deduction at Source : Applicable, if interest income in a F.Y. is Rs.10000/- & above.
On Maturity it is payable at par at CBS branches. Nomination facility is available.
22.PNB RAKSHAK RECURRING DEPOSIT SCHEME

RBD (Resources) Consolidated Cir. No. 26/2017
Eligibility : An individual, singly or jointly having Salary A/c under PNB Rakshak Scheme&
designed especially for defence personnel to meet margin requirement of Home Loan.
Scheme Code: „RDRAK’
Minimum Deposit: Installment of Rs. 1000/- p.m. or more in multiples of Rs.100/-.
Maximum Deposit: No limit.
Min. & Max. Period: 60 months thereafter in multiples of 3 months maximum: 120 months.
Interest :The interest shall be payable at the CARD rate applicable to term deposits below Rs. 1
Crore. However, at any point of time bank introduces a slab below Rs.15 lacs, the same will be
applicable. Interest shall be applied at the rate applicable to the period for which the account is
opened.
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Maturity: The deposit shall mature for payment 30 days/one month after payment of last
installment or on expiry of the period for which the deposit was accepted whichever is later,
irrespective of whether the last installment is paid with penalty in subsequent months(s).
Tax Deduction at Source: Applicable, if interest income in a F.Y. is Rs.10000/- & above.
19
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Premature Withdrawal:
1)No part withdrawal is allowed.
2) Premature Cancellation is allowed &interest payable would be contractual Rate or the Rate
20
applicable for the period for which Deposit has actually run, whichever is less. However, it would be
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entertained only at the Base Branch.

3)Premature Penalty is to be deducted @ 1% as per extant guidelines. However, no penalty on
pre-mature payment if the proceeds are utilized for the purpose of margin money in Housing
3
loan to be availed from our bank.

In case of death of the depositor before maturity, withdrawal of deposit would continue to be
exempted from the levy of penal cuts.
08
23. PNB SPECIAL RECURRING DEPOSIT SCHEME

RBD (Resources) Consolidated Cir No. : 34/2019
Eligibility: Account can be opened by all Govt. Institutions, Pvt. Institutions, PSUs, Corporate
Bodies etc. The account shall be opened in the Name of the Institution A/C Name of the employee.
The Institution shall open the accounts with minimum 10 Employees or 75% of the eligible
employees whichever is lower. Scheme Code :„RDFPF‟
Deposit Amount :Amount of installment is minimum Rs. 10/- according to PF deductions of the
employee and may be accepted later on in multiples of Re.1/- thereof.
Deposit Period :Minimum - 6 months Maximum – 120 months
If the Institution wants to Deposit installments for more than 120 months period, then on maturity
a New A/c can be opened and the maturity amount of previous a/c (after closure) can be credited
in the New A/c on prevailing Terms / rate of intt. Applicable to the New A/c at that time.
Nomination : Available
Penalty Clause :No penalty on missed installments.
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Interest: As per IRMD (ALM) & at CARD Rate on daily products basis (as in Flexi RD) on half
yearly intervals credited in the A/c in March/Sept (every year).
Premature Withdrawal / Payment: Permitted with prior permission of the Institution.
Loan Facility: Permitted with prior permission of the Institution and interest will be charged as
per Bank guidelines - IRMD Circulars, issued from time to time in this regard.
Payment on Maturity :Payable at par at base branch only on maturity.
Tax Deduction at Source: Applicable, if interest income in a F.Y. is Rs.10000/- & above.
24.ORDINARY TERM DEPOSIT SCHEME

RBD (Resources)ConsolidatedCir. No. : 35/2019
Eligibility : Individual (Singly/Jointly) with others, Minor who have attained the age of 10 years
& above in his own name on giving proof of age by his guardian or any reliable source or through
his natural/legal guardian, Proprietorship/Partnership Firm, Commercial Organization, Corporate/
:53
HUF/Association/Club/Society/Religious or Charitable Trust/Educational Institutions,
Municipality/ Panchayat, Govt./Quasi-Govt. Body. An Illiterate/Blind person can also open A/c.
Min. & Max. Deposit Amount :Rs. 100/- thereafter in multiples of Re.1/- & Rs. 99,99,999/-.
Period of Deposit : Minimum 7 Days to Maximum 179 Days.
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Rate of Interest :Shall be paid at CARD Rate & as per guidelines issued from time to time.
Auto Renewal :Yes, if mandate given by customer while opening A/c (Damodran Committee).
Premature Withdrawal : Yes with upto date interest (discretion) allowed but with penalty.
20
Conversion to other scheme/Premature Renewal/Extension: Allowed at the discretion of the I/I
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provided depositor continues with the deposit for a longer period in the new scheme than the
remaining period of the original contract. Conversion will be effective from request date. The
premature renewal/extension in the period of FDR before maturity will not be termed as
3
„Premature payment of the deposit‟, provided the deposit is held by the Bank after the date of
renewal for a period longer than the remaining period of the original contract.
Overdue Deposit :1. Such Deposits to be renewed from the date of presentation and not from
retrospective date, however, powers delegated by RBD:HO. 2. The prevailing intt. rateshall be
applicable from the date of renewal of FDR. 3. Intt. for the overdue period to be paid at Saving
Bank rate even if deposit is not renewed. 4. NO TDS on Intt. on Overdue Term Deposits u/s 194A
08
of the Income Tax Act, 1961. Renewed Deposits will be subject to TDS as per bank guidelines.
At Par Payment / Collection of Term Deposit : All deposit receipts shall be payable At Par on
maturity at all CBS branches, i.e., no inter-sol transaction charges of any nature including cash
withdrawal of such TDRs either directly or through Savings/Current A/c etc., will be levied at the
time of payment. The handling of Inter-sol charges shall be handled procedurally in the branches.
Collection of Term Deposits on/before maturity be undertaken At Par at all branches.
Demand Loan/Overdraft : Available on deposits of Rs.10000/- & above with specified Margin.
25.MULTI BENEFIT TERM DEPOSIT (MBTD) SCHEME

RBD (Resources)Consolidated Cir. No. : 35/2019
Eligibility :Individual (singly or jointly) with others, Minor who have attained the age of 10 years
and above in his own name on giving proof of age by his guardian or any reliable source or
through his natural/legal guardian, Proprietorship/Partnership Firm, Commercial Organization,
23 | P a g e
Company / Corporate Body, HUF, Association, Club, Society, Trust or Religious/Charitable or
Educational Institutions, Municipality or Panchayat, Government or Quasi-Government Body.
Illiterate and blind persons can also open the account.
Scheme Code: „FDMPB‟ (Public) &„FDMSB‟ (Staff)
Initial Deposit: Rs.100/- and in multiples of Re. 1/- with a Maximum amount of Rs.99,99,999/-.
Tenure of FDR : 180 days to 120 months & FD can be made even in days for incomplete
qtr./month and customer will have to keep the amount in FDR for at least 6 months for gaining the
interest compounding benefit.
Rate of Interest : Fixed Deposit will earn interest at Card Rate (quarterly compounded), as
applicable from time to time. The Interest inflow in the account will be on the last day of each
Calendar Qtr. i.e. 31.3/30.6/30.9 and 31.12.
Automatic Renewal: Available provided the customer has given the mandate while opening the
account as per Damodaran Committee.
Premature Cancellation& penalty : Allowed at Base Branch only with levy of 1.00% penalty at
the time of part-withdrawal/pre-mature cancellation and the interest rate payable would be
contractual rate minus 1.00% OR the rate under the scheme on the contractual date applicable for
the tenor for which the deposit has actually run minus 1.00%, whichever is lower.
:53
No penalty if the deposit is prematurely closed for the purpose of investment to any other term
deposit scheme of the bank & the deposit remains with the bank after reinvestment for a period
longer than the period of the original contract. No penalty on premature cancellation of deposit by
Staff Members, Senior Citizens & other depositors due to death before maturity, except their
19
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term deposits if any, accepted by Bank on DRI basis.
Conversion to other scheme/Premature Renewal/Extension: Allowed at the discretion of the I/I
provided depositor continues with the deposit for a longer period in the new scheme than the
20
remaining period of the original contract. Conversion will be effective from request date. The
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premature renewal/extension in the period of FDR before maturity will not be termed as
Premature payment of the deposit provided the deposit is held by the Bank after the date of
renewal for a period longer than the remaining period of the original contract.
3
time of payment. The handling of Inter-sol charges shall be handled procedurally in the branches
Demand Loan / Overdraft Facility: On written request.
08
Margin : As specified from time to time.

Minimum Deposit Amount for D/L or O/D :Rs. 10,000/- and above. The depositors shall be
permitted to avail O/D facility through an Overdraft A/c and to operate the A/c, a Cheque Book
will be issued on the same day. However, the actual drawings from the O/D A/c will be allowed
from the subsequent day in case the FDR has been issued on the date on which the O/D facility is
sought. O/D facility shall not be available to an illiterate or a blind person.
retrospective date, however, powers delegated by RBD:HO. 2. The prevailing intt. Rate shall be
applicable from the date of renewal of FDR. 3. Intt. for the overdue period to be paid at 4% i.e.
Savings Bank rate. 4. NO TDS on Intt. on Overdue Term Deposits u/s 194A of the Income Tax
Act, 1961. Renewed Deposits will be subject to TDS as per bank guidelines.
26. VARSHIK AAY YOJANA (VAY) DEPOSIT SCHEME

24 | P a g e
Eligibility : Individual (singly or jointly) with others, Minor who have attained the age of 10 years
his natural/legal guardian, Proprietorship/Partnership Firm, Commercial Organization,
Corporate/HUF/Association/Club/Society/Religious or Charitable Trust/Educational Institutions,
Municipality/Panchayat, Govt./Quasi-Govt. Body. An Illiterate/Blind persons can also open A/c.
Min. & Max. Deposit Amount : Rs.10,000/- and in multiples of Rs. 1000/- thereof subject to a
maximum of Rs. 99, 99,000/-.
Period of Deposit : Minimum 24 months & thereafter 36/48/60/72/84/96/108 & 120 months.
Rate of Interest :The rate of interest shall be payable in accordance with Circulars issued by
IRMD, (ALM) HO: from time to time. Interest shall be paid at simple rate either at the time of
maturity or at quarterly intervals, as the case applicable.
Conversion to other scheme/Premature Renewal/Extension: Allowed provided depositor
continues with the deposit for a longer period in the new scheme than the remaining period of the
original contract. Conversion will be effective from request date. The premature renewal/extension
in the period of FDR before maturity will not be termed as „Premature payment of the deposit‟,
provided the deposit is held by the Bank after the date of renewal for a period longer than the
:53
remaining period of the original contract.
Auto Renewal :Yes, if mandate given by customer while opening A/c (Damodran Committee).
retrospective date, however, powers delegated by RBD:HO.2. The prevailing intt. Rate shall be
19
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applicable from the date of renewal of FDR. 3.Intt.for the overdue period to be paid at 4% i.e.
Savings Bank rate. 4.NO TDS on Intt. on Overdue Term Deposits u/s 194A of the Income Tax
20
Non Renewal of Overdue Deposits :If Overdue Term Deposit is not renewed, interest shall be
/01 09
allowed @ 4% (S.F.). Interest would be calculated on „Simple basis‟ and payable w.e.f.
22.08.2008 or the date of maturity whichever is later for the overdue period along with the
maturity proceeds of the matured term deposits”
3
Premature Cancellation/withdrawal & penalty : Allowed at Base Branch only with levy of
1.00% penalty at the time of part-withdrawal/pre-mature cancellation and the interest rate payable
would be contractual rate minus 1.00% OR the rate under the scheme on the contractual date
applicable for the tenor for which the deposit has actually run minus 1.00%, whichever is lower.
No penalty if the deposit is prematurely closed for the purpose of investment to any other term
deposit scheme of the bank & the deposit remains with the bank after reinvestment for a period
08
longer than the period of the original contract. No penalty on premature cancellation of deposit by
Staff Members, Senior Citizens & other depositors due to death before maturity, except their
term deposits if any, accepted by Bank on DRI basis.
Minimum Deposit Amount for D/L or O/D :Rs. 10,000/- and above. The depositors shall be
permitted to avail O/D facility through an Overdraft A/c and to operate the A/c, a Cheque Book
will be issued on the same day. However, the actual drawings from the O/D A/c will be allowed
from the subsequent day in case the FDR has been issued on the date on which the O/D facility is
sought. O/D facility shall not be available to an illiterate or a blind person.
Margin : As per guidelines issued from time to time.
25 | P a g e
27. PNB SUGAM & PNB SUGAM PLUS 555 TERM DEPOSIT SCHEMES
PNB SUGAM:
Min. & Max. Deposit :Rs.10000/-& thereafter in multiples of Re.1/- with max. of Rs.10 Cr.
Period of Deposit :46 Days to 120 Months, even for incomplete quarters i.e. 13 months etc.
Rate Of Interest :On Deposits less than Rs.1 Cr. = CARD rates. (Qtrly compounding)
On Deposits of Rs.1 Cr. to Rs.10 Cr. = Rates applicable to deposits of Rs.1 Cr. to Rs.10 Cr. In
:53
case, due to partial withdrawal if deposit falls below Rs. 1 Cr. then rate as applicable for
deposits below Rs. 1 Cr. is to be made applicable from the date of such withdrawal by
modifying the A/C preferential (Cr.) field accordingly.
Auto Renewal :Yes,if mandate given by customer while opening A/c (Damodaran Committee).
19
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retrospective date however, powers delegated by RBD:HO. 2. The prevailing intt. Rate shall be
applicable from the date of renewal of FDR. 3. Intt. for the overdue period to be paid at 4% i.e.
20
Savings Bank rate. 4. NO TDS on Intt. on Overdue Term Deposits u/s 194A of the Income Tax
/01 09
Conversion to other scheme/Premature Renewal/Extension: Allowed provided depositor
continues with the deposit for a longer period in the new scheme than the remaining period of the
3
original contract. Conversion will be effective from request date. The premature renewal/extension
in the period of FDR before maturity will not be termed as „Premature payment of the deposit‟,
provided the deposit is held by the Bank after the date of renewal for a period longer than the
remaining period of the original contract.
Premature/Part Withdrawal : Any amount in multiples of Re.1/- subject to a minimum of
Rs. 1000/- can be withdrawn any time before maturity without breaking the entire deposit. No loss
08
of interest on the remaining deposit under the scheme. The value of Term Deposit Receipt
(Principal amount) shall be reduced accordingly.
No penalty on part withdrawal or on withdrawal of entire deposit before maturity. The interest
rate payable would be contractual rate or the rate under the scheme on the contractual date
applicable for the tenor for which the deposit has run, whichever is lower. User has to modify
collect penal interest flag as “N” while closing the A/c.
Minimum Deposit Amount for D/L or O/D :Rs. 10,000/- and above.
The depositors shall be permitted to avail O/D facility through an Overdraft A/c and to operate the
A/c, a Cheque Book will be issued on the same day. However, the actual drawings from the O/D
A/c will be allowed from the subsequent day in case the FDR has been issued on the date on
26 | P a g e
which the O/D facility is sought.
O/D facility shall not be available to an illiterate or a blind person.
Margin : As per guidelines issued from time to time.
PNB SUGAM PLUS 111, PNB SUGAM PLUS 222 AND PNB SUGAM PLUS 333offering
preferential rate of interest are for limited period only ( RBD R 4/2019 )
PNB SUGAM PLUS 555:

Eligibility:
Individual (singly or jointly) with others, Minors who have attained the age of 10
years and above in his own name on giving proof of age,Minors under guardianship
of natural/legal guardian, Proprietorship/partnership firm, commercial organization,
company/ corporate body, Hindu Undivided Family, Association, club, society, trust
or religious / charitable or educational institution, Municipality or Panchayat,
Government or quasi government body.
Min. & Max. Deposit: Minimum deposit of Rs.10000/- and thereafter in multiples
:53
of Rs.1000/- with maximum amount of Rs.10.00 Crore.
Period of Deposit : 555 Days (FIXED)
19
/20 554
Part Withdrawal : Not Allowed
Demand Loan/Overdraft facility: Deposits on written request shall be eligible for
20
Demand Loan/overdraft facility. The depositors in need of overdraft facility, the
/01 09
same shall be permitted to avail the facility through an Overdraft Account and a
Cheque Book will be issued to the depositor on the same day. However, the actual
3
drawings from the overdraft account will be allowed from the account on the
subsequent day in case a Term deposit has been issued on the date on which the OD
facility is sought.
The option/facility of „overdraft‟ shall not be available in the account opened in
the name of illiterate or a blind person
08
Premature Closure: 1% penal interest at the time of premature cancellation of the

term deposits for all tenors and interest rate payable would be contractual rate minus
1% or the rate under the scheme on the contractual date applicable for the tenor for
which the deposit has actually run minus 1%, whichever is lower.
No penalty if the deposit is prematurely closed for the purpose of investment to any
other term deposit scheme of the bank provided that the deposit remains with the
bank after the re-investment for a period longer than the remaining period of the
original contract.
1% additional ROI to staff/ex-staff members/ widow/widower of staff shall be
allowed. 0.50% additional interest shall be paid over and above the Interest
applicable to the scheme. All other terms & conditions of PNB Sugam scheme
circulated vide RBD(R) Circular No.28/18 dated 01.10.2018 will be applicable.
27 | P a g e
28.NRE RUPEE SUGAM TERM DEPOSIT SCHEME
Eligibility : Only NRIs Individuals in Single or Joint capacity.

Min. & Max. Amount of Deposit :Rs. 10000/- No upper limit & renewal in
multiple of Re.1/-.
Period of F.D.: Minimum : One year and Maximum : 10 years
Rate Of Interest :Rates of Interest as prevailing on different maturities under NRE
Rupee Global Deposit Scheme will be applicable & the deposits will earn interest
with quarterly rests, as per prevailing RBI Directives, which are subject to change
from time to time.
Auto Renewal :Yes, if mandate given by customer.
Premature Withdrawal :
 The depositor can withdraw any amount/any time before maturity in multiples
:53
of Rs.1000/-without breaking the entire deposit and without losing interest on
the remaining deposit.
 With part withdrawal, the Residual amount should not go below Rs.10,000/-.
19
/20 554
No penalty is to be levied in respect of the part withdrawal of deposit.
 Withdrawal amount should be credited to the NRE/NRO account of the
depositor.
20
 No interest to be paid on the withdrawn amount if the part amount withdrawn
/01 09
did not run for the minimum stipulated period of 1 year.

Full withdrawal :No penalty on full withdrawal before maturity if the amount
3
withdrawn did not run for the minimum stipulated period of 1 year.
PAYMENT OF INTEREST :
Income Option: Monthly/Quarterly interest will only be credited in the NRE/NRO
Saving A/c of the customer who can withdraw this. In case the deposit is withdrawn
before one year, the interest paid will be recovered from the principal as no interest
08
is payable in such cases.

Reinvestment /Maturity Option :The Interest calculated as per quarterly
compounding may be credited to the depositor‟s Term Deposit A/c at the end of
each calendar quarter if the deposit remained with the Bank for one year and above.
29. NRO SUGAM TERM DEPOSIT SCHEME

RBD (Resources) Consolidated Cir. No. : 35 / 2019
Eligibility: The Non-resident Indians (NRIs) are permitted to open and maintain the
accounts. Non-Resident Indian (NRI) means a person resident outside India who is a
citizen of India or is a person of Indian origin. Such A/c cannot be opened by the
holder of Power of Attorney in India.
NRO A/c cannot be opened in the name of Overseas Corporate Bodies (OCBs).
28 | P a g e
A/c opening Form for Non-Resident Ordinary Sugam Term Deposit A/c : only
Form - Fex 111.
(A) Non-Resident Indian National: Non-resident Indian nationals generally fall
under the following broad categories:-
i) Indian citizens who stay abroad for indefinite period for employment/carrying on
any business or vocation or for any other purpose.
ii) Indian citizens working abroad on assignment with Foreign Govt./Govt. Agencies
or International/Multinational agencies like UNO, IMF, World Bank etc.
iii) Officials of Central/State Governments and PSUs deputed abroad on
assignments with Foreign Govt./Agencies/Organizations or posted to their own
offices (Including Indian Diplomatic Missions) abroad.
Note: Non-resident Indians become residents of India only when they come to India
for employment or for carrying on in India any business or vocation or for any other
purpose indicating an indefinite period of stay in India. They are not regarded as
persons resident in India during their short visits to India for holiday, business, etc.
:53
(B) PERSONS OF INDIAN ORIGIN:A Foreign Citizen (not being a citizen of
Pakistan/Bangladesh) is deemed to be a person of Indian origin if,
i) He, at any time, held an Indian passport, or
19
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ii) He or either of his parents or any of his grandparents was a citizen of India, by
virtue
of Constitution of India or Citizenship Act, 1955 ( 55 of 1955) or
20
iii) the person is spouse of an Indian citizen or a person referred to in sub clause 1)
/01 09
or 2)
(C) FACILITIES FOR STUDENTS
3
i) Students going abroad for studies are treated as Non-Resident Indians (NRIs) and
are eligible for all the facilities available to NRIs under FEMA.
ii) All other facilities available to NRIs under FEMA are equally applicable to the
Students.
Joint Account :Accounts may be held jointly with Residents and/or with Non-
08
Residents.
Nomination: Nomination can be made in favour of a Resident or Non-Resident.
Initial Deposit :Rs.10000/- and thereafter in multiples of Re.1/- Maximum : Rs. 10
Crore.
Tenor of Deposit :46 days to 120 months, even for incomplete quarters i.e. 13
months, 14 days.
Rate of Interest :1) CARD rates if Deposit is < than Rs.1 Cr.
2) Deposits from Rs.1 Cr. to Rs.10 Cr.  Rates applicable to deposits of Rs.1 Cr to
Rs.10 Cr. However, if any deposit falls below Rs.1 Crore due to partial
withdrawal then rate as applicable for deposits below Rs.1 Crore will apply
from the date of such withdrawal. This is to be handled by modifying the A/C
preferential (Cr.) field accordingly. The depositor has the option to draw interest
monthly/quarterly or on maturity. Interest shall be paid on qtrly. Compounding basis
29 | P a g e
if the deposit remained with the Bank for 6 months and above.
3) No additional interest on NRO deposits of staff (Existing/Retired) or Senior
Citizen.
Auto Renewal :Yes, if mandate given by customer.
Extension in Period :Conversion to other scheme/Premature
Renewal/Extension: Allowed provided depositor continues with the deposit for a
longer period in the new scheme than the remaining period of the original contract.
Conversion will be effective from request date. The premature renewal/extension in
the period of FDR before maturity will not be termed as „Premature payment of the
deposit‟, provided the deposit is held by the Bank after the date of renewal for a
period longer than the remaining period of the original contract.
Premature Withdrawal :The depositor has the facility to withdraw any amount
before maturity in multiples of Rs.1000/- any time whenever he needs it without
breaking the entire deposit and without losing interest on the remaining deposit
under the scheme. The value of Term Deposit Receipt (Principal amount) shall be
:53
reduced accordingly.
 No penalty is to be levied in respect of the part withdrawal of deposit in multiples
of Rs.1000/- before maturity.
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 Further, even if any depositor desires to withdraw the entire deposit before
maturity, no penalty will be levied and the interest rate payable would be
contractual rate or the rate under the scheme on the contractual date applicable
20
for the tenor for which the deposit has run, whichever is lower. Pleasemodify
/01 09
collect penal interest flag as “N” while closing the A/c.

At Par Collection/ Payment of Term Deposit :(a) All deposit receipts shall be
3
payable At Par on maturity at all CBS branches. (b) Payment/Other Transactions

related to Term Deposit before its Due Date: In case, customer requires any other
transaction in respect of the Term Deposit before maturity, it would be entertained
only by the Base Branch e.g. Loans/Overdraft against Term Deposit/Conversion/
Change of option/Transfer of A/c to any other CBS branch/Payment of Term
08
Deposit/Cancellation of Term Deposit before maturity, etc..
30. FIXED DEPOSIT SCHEME FOR ROAD ACCIDENT VICTIMS

Purpose: To Facilitate Claimants of Victims of Road Accidents to Place Funds
received from Motor Tribunals as per Court Orders under Maximum Interest
Category of Fixed Deposit. Only Income option is available under the scheme for
receiving interest from bank on chosen intervals.
Eligibility :Any Individual/Dependent/Minor 10 years & above or Under
Guardianship.
Period of Deposit: For any Period from 12 Months To 120 Months. If Hon‟ble
Court directs F.D. for more than 120 months, same shall be auto renewed if the
period exceeds 120 months.
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Interest : 1% above Card Rate for FDR without compounding.
No Premature cancellation permitted.
It is mandatory to open a Saving Fund A/c wherein monthly interest of Fixed
deposit shall be credited (original receipt to be retained by bank & pass book is to be
issued to customer).
No Loan/Over Draft is permitted without Court permission.
No Cheque Book is to be issued under the Saving Fund A/c without Court
permission.
Automatic Renewal : Yes, as directed by the Court.
CBS Code Identifier for Scheme is: “001FDVRA” Fill in FREE Text 1 “V”
Detail.
Photo ID Card be issued by bank for verification at the time of payment.
MIS: Half yearly statements of deposits held under the scheme shall be submitted to
concerned Tribunal of Motor Vehicle Act claim cases by the concerned Circle
Offices.
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Copy of Court Orders be kept with A.O.F.
31. ANUPAM TERM DEPOSIT SCHEME (In Built Overdraft Facility)
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Eligibility : Anupam A/c Scheme may be opened in the name of Individual(s), Sole Proprietorship
Concern, Partnership Firm, Association, Trust, Ltd. Company etc. However, Anupam A/c shall
20
not be opened in the name of minor, illiterate and blind persons.
/01 09
Min. & Max. Deposit :Rs. 10,000/- & in multiples of Rs. 1000/- upto Rs. 99,99,000/-.
Period of Deposit : From 6 months to 120 months.
Rate of Interest :CARD rates &as per guidelines issued from time to time and interest is credited
3
on completed quarter basis in March/June/September/December every year.

Overdraft Facility :For O/D facility a request as per Annexure-B (Refer Circular) be obtained
along with A.O.F. : PNB 1227& 1229. Overdraft facility shall be permitted through a Current A/c
and a Cheque Book will be issued. However, the actual drawings from the Overdraft A/c will be
allowed from the subsequent day. BM may permit DP against the interest accrued on deposit also.
The Drawing Power (D.P.) is to be entered through SRM which has to be done procedurally in the
08
branches. The Rate of interest applicable to Individuals & Non Individuals to be charged on O/D
against Anupam Term Deposit as per L.A. Circulars issued by IRMD:HO from time to time.
Reporting in Limit Sanctioned Statement :Overdraft facility is inbuilt in the scheme against the
security of Term Deposit, hence, I/I has full powers to sanction O/D and need not to report in LSS
& enter in Document Register. Their attestation of AOF will be deemed sanction of O/D.
Margin :Presently the margin on the amount of Overdraft against the deposit shall be governed by
L & A Circulars issued by IRMD-HO from time to time.
Third Party Advance :No third party advance is allowed under Anupam A/c. The title of Term
Deposit and Overdraft A/c should be the same.
Facility of further Term Deposits in the same Anupam A/c :Further Term Deposits can be
accepted in the same Anupam A/c on request and the limit in the Overdraft A/c be increased.
Renewal of Term Deposit on Maturity :Renewal of Term Deposit is permitted at customer's
request, only ifNo Overdraft is outstanding against it or Overdraft A/c shows credit balance at the
time of renewal of Term Deposit.
Maturity Proceeds :Overdraft/Loan must be liquidated out of the proceeds of the deposits. So on
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maturity the proceeds should invariably be credited to O/D A/c to ensure reduction/cancellation of
limit allowed/closure of linked O/D A/c. Take back the unused cheque leaves from the depositor
at the time of final closure of Anupam A/c.
32. SPECIAL TERM DEPOSIT (TDSP) SCHEME

RBD (Resources) ConsolidatedCir. No.: 35/2019
Eligibility :Individual (Singly or Jointly)/Minors (Self Or U/G)
Associations/Trusts/HUF Clubs/Firms/Societies/Illiterates& Blinds etc. on
Compliance of KYC Documents.
Scheme Codes : FDSMP/FDSQP (Public) FDMSS/FDSQS (Staff)
Min. & Max. Deposit :Rs.100/- & in multiples of Re.1/- thereafter /Rs. 99,99,999/-.
Period : 1 Year to 10 Years (FD can be made for 13 months/37 months & 14 days
also& so on).
Interest : CARD rates and as per Circulars issued by IRMD : HO (ALM) from time
to time.
Interest Payment Options : Monthly (discounted) /Quarterly (simple).
:53
Auto Renewal : Available as per Mandate of the Customer.
Extension /Conversion : Allowed. It will not be treated as premature cancellation
so no penalty but period should be longer than the remaining period of existing
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FDR.
Premature Cancellation : Allowed with Penalty. Contractual rate minus 1% or the
rate under the scheme on the contractual date applicable for the tenor for which the
20
/01 09
deposit has actually run minus 1.00%, whichever is lower.

Demand Loan/Overdraft:Rs. 10,000/- &above. (No O/D or D/L to Blind &
Illiterates) Margin : As per guidelines. At Par Collection/Payment of FDRs :All
3
FDRs shall be payable at par on maturity at all Branches & any other action before
Maturity is to be taken at Base Branch.
08
32 | P a g e
33. PNB GROWTH FIXED DEPOSIT SCHEME
RBD (Resources) Cir. No. : 35/2019
Single Deposit of Rs. 1 Crore to Rs. 10 Crore
Municipality/Panchayat, Govt./Quasi-Govt. Body. An Illiterate/Blind person can also open A/c.
Min. & Max. Deposit Amount :To acquire Single Deposit with minimum of Rs. 1 Crore and in
multiples of Re.1/- thereafter to a maximum of Rs. 10 Crore. Interest : As advised by IRMD
from time to time. Classification of Deposit : Under PNB Growth Fixed Deposit scheme, Single
Fixed Deposit of Rs. 1 Cr to Rs. 10 Cr taken at Card rate will be classified as Core whereas
Single Fixed Deposit of Rs. 1 Cr to Rs. 10 Cr taken at DRI rate will be classified as DRI.
Option : Income : Outflow of intt. on monthly/qtrly./Half yearly or Yearly. Monthly & Quarterly
Intt. is paid on discounted value whereas Half yearly/Yearly interest is paid on qtrly. compounded.
Maturity : Reinvestment of interest on qtrly. compounding basis and total is paid on maturity.
Period of F.D.: Income Option: 6 months-120 months.
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Maturity Option: 7 days-120 months. Premature Payment/ Part withdrawal: Allowed at Base
Branch only with penalty. The interest rate payable would be contractual rate minus 1.00% OR the
rate under the scheme on the contractual date applicable for the tenor for which the deposit has
19
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actually run minus 1.00%, whichever is lower. Part withdrawal: Available only under Maturity
Option with penalty as stated above. Withdrawal allowed in multiples of Rs.1,00,000/- before
maturity without breaking the entire deposit, without any loss of interest on the remaining deposit
20
at agreed rate at the time of making the deposit but Min. Core amount of Rs 1 Crore to be
/01 09
maintained in the A/c. The principal FDR value to be reduced accordingly.

Pre-mature renewal :Extension in the period of deposit before maturity shall not be regarded as
premature payment provided, after renewal, deposit is held by the Bank for a period longer than
3
the remaining period of the original contract. Auto renewal : Allowed as per instruction of the
customer, at the rate applicable on the date of maturity under the scheme only. At PAR
Collection of F.D.R. Payable at all CBS branches (on maturity). Advance/overdraft available.
34. PNB BULK DEPOSIT SCHEME

08
FOR SINGLE DEPOSIT OF ABOVE Rs.10 Crores. RBD (Resources) Cir. No. : 35/2019
Option:
Income : Out flow of Intt. on monthly/Qtrly./Half yearly or Yearly. Monthly & Qtrly. Intt. is paid
on discounted value whereas Half yearly/Yearly intt. is quarterly compounded.
Maturity: Reinvestment of interest on quarterly compounding basis and total is paid on maturity.
Period of F.D. : Maturity Option: 7 days-120 months & Income Option: 6 months-120 months.
33 | P a g e
Deposit Amount : Initial Single deposit of above Rs.10 Crore (thereafter in multiples of Re. 1/-)
Wholesale Term Deposit: All single term deposits above Rs.10 Crore are classified as
wholesale term deposit, which is further categorized as Wholesale (Core) and Wholesale (DRI).
Wholesale (Core) Deposit: Deposits over Rs.10 Crore contracted at the card rates. However,
the interest applied on such deposits is the rate issued for retail card rate of Rs 2 crore to
Rs. 10 crore, published by ALM Cell, IRMD, HO from time to time.
Wholesale (DRI) Deposit: Deposit of above Rs.10 Crore contracted at Differential Rate of
Interest (DRI) than Card Rate, published by Treasury Division are treated as Wholesale (DRI)
deposit.
Prior Approval : Circle Head for accepting such deposit of Rs. 10 Cr. from a single depositor.
Auto Renewal/Premature Renewal/Part Withdrawal & Extension : NOT ALLOWED.
Pre-mature Withdrawal :Allowed at Base Branch only with penalty. The interest rate payable
would be contractual rate minus 1.00% OR the rate under the scheme on the contractual date
applicable for the tenor for which the deposit has actually run minus 1.00%, whichever is lower.
:53
Advance/OD: The extant guidelines issued by IRMD, HO will be applicable. For all withdrawals
over Rs.25.00 Crore prior information of Treasury Division-HO shall apply. However, this facility
will not be available for Accounts opened in the name of minors. Other features : i) Payment of
FDR on Maturity: All Bulk deposit receipts shall be payable at par at all the branches, on
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maturity i.e. no inter-sol transactions charges (any kind) will be levied at the time of payment
including cash withdrawal of such FDRs through Saving/Current A/c etc.
ii)Payment/Other Transactions related to FDR before its due date: All other issues except
20
payment of FDRs on maturity shall be handled at BASE Branch only.
/01 09
35. PNB TAX-SAVER DEPOSIT SCHEME

3
RMD Consolidated Cir. No. : 35/2019

Purpose :A Scheme for public desirous to avail Tax benefits U/s80 C(2) (xxi) of the
I.T. Act.
Eligibility: Individuals/Minor (Singly/Jointly), HUF including Illiterate & Blind
persons.
08
Rebate on Income Tax: U/S 80c To First Holder Only.

Amount: Minimum Rs. 100/- or in Multiples thereof & Maximum :Rs 1.50 Lac Per
F.Y.
Scheme Code: FDTSM/FDTSQ/FDTSR (e-FD available if customer has IBS in
SF/CA).
Period : Min. 5 Year & Max. 10 Year (May Be in 82/95 Months etc.).
Lock-in Period: 5 Year, No Premature Payment / Cancellation is allowed during
Lock-in Period (Only on Death of Depositor without applying Penalty payment can
be given).
PAN : Must & will be written on the FD receipt.
Interest : At Card Rate. For Sr. Citizen/Staff Extra – 0.50% & 1.00% respectively.
For Retired Ex Staff (Sr. Citizen), the maximum extra rate of intt. that will be given
is 1% only. (IRMD)
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Interest Payment Option: Income on Monthly/Qtly/Half yrly/Yearly (Intt. will be
simple)or
On Maturity (Intt. will be on qtrly. compounding basis).
TDS :On interest it is applicable as per I.T. Act Provisions : Sec 194(A)/195 to the
1st Holder if receipt is in Joint Names.
Nomination : Available
Loan/Overdraft: No, but may be permitted only after expiry of Lock-in Period of 5
Years & intt. to be charged & margin to be kept on loan or O/D will be the same as
in case of FDs.
Payment / Collection on Maturity: At Par at All Branches on or before maturity.
36. MIBOR LINKED NOTICE DEPOSIT SCHEME (FOR METRO city

BRANCHES) RBD (Resources) Cir. No. : 35/2019
Eligibility :High Net worth Individuals (HNI‟s), Company/Corporate body, Public
:53
Sector Undertaking & Commercial Organizations. Amount : Single deposit of Rs.
10 Crores & above and thereafter in multiples of Re.1/-. Once the spread is quoted
for the day, there should not be any limit for acceptance of deposit under the
19
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scheme. However, based on the fund position, next day‟s spread will be quoted by
Treasury Division, HO. No deposit will be taken on reporting Fridays. Minimum
& Maximum Period of Deposit :7 Days & 60 Days.
20
/01 09
Interest :To be decided by Treasury Division-HO linked to MIBOR (NSE

Overnight) with an upper cap of 8.75% with daily reset (simple interest).
 Upper cap to be reviewed by Treasury Division, HO in consultation with
3
ALCO on quarterly basis.

 Treasury Division, HO will give spread (either plus or minus) over MIBOR
on daily basis along with other rates of bulk deposits.
Pre-mature payment :No penalty for premature/part withdrawal, however, one
clear working day notice required for withdrawal of funds.
08
Issuance of FDR : The prevailing rate of intt. linked with Benchmark rate
applicable on the date of opening of the MIBOR Linked FD will be mentioned in the
field meant in the FDR receipt. Maturity value: A Rubber stamp shall be put on
the FD receipt/ acknowledgement stating Maturity value will be calculated on the
basis of rate of interest on daily basis (simple interest).
Auto renewal : The FD shall continue to be auto renewed for 14 Days only under
the same scheme only till such time instructions to the contrary are received. The
Auto renewal period to be modified at the instance of the customer subject to
minimum or maximum period of the scheme. Demand Loan / Overdraft :Demand
Loan/Overdraft facility is not available under this scheme.
35 | P a g e
37. CAPITAL GAINS ACCOUNT SCHEME – 1988
RBD (Resources) Cir. No. :36/2019 Scheme Code : SBCGS& FDCGN
Authorised Branches : Scheme is operative in all branches except branches of Rural Area.
What is Capital Gain :When a capital asset is sold at a price higher than acquisition cost, the
difference between sale price & acquisition cost adjusted with price index is called capital gain.
Various Sections of I.T. Act :Deposit can be made U/s 54, 54B, 54D, 54F or 54G of the Act.If
the depositor intends to avail the benefit under more than one Section, separate application for
each section & for each type of A/c will be obtained from depositor.
Nomination/Change/Cancellation :Yes (Max.3) : Form-E. For change/cancellation : Form-F.
Eligibility& Types of A/cs : Income tax assesses can avail exemption benefit from Capital Gains, if
amount of capital gain/net consideration is deposited with the Bank under „Capital Gain A/c Scheme‟
on or before due date of filing of return of income. Every depositor who desires to open an A/cunder
the Scheme for the first time shall apply to the deposit office in Form „A‟, in duplicate & deposit
the amount for Opening of S.F. A/c „A‟ or F.D A/c „B‟.
Term Deposit A/c can be opened in Sugam : FD-CGBSU
Scheme Code for NRO A/c for NRIs :For S.F. - SBCGN & F.D - CGBNR.
Interest: Rates as specified by Bank from time to time. No additional intt. to Sr. Citizens/Staff.
:53
Transfer & Conversion of A/c :Both, Account-A and Account-B can be transferred from one
deposit office to another deposit office of the same Bank. Request of Depositor is must.
Form „B‟ to be used to transfer a deposit in Account-B to Account-A of the depositor opened
19
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under the same section of the Act. Transfer of amount from Account-B before maturity will be
treated as pre-mature withdrawal from the a/c. If the depositor is not having Account-A it will
have to be opened before such transfer from Account-B.
Similarly, Form „B‟ together with Pass Book to be used for transfer of whole/any part of the
20
amount standing to credit in Account-A for opening of Account-B under same section of the Act.
/01 09
Penalty after conversion of the A/c :Withdrawal from the A/c or closure of the Account-B before
expiry of the period for which the deposit was made, interest on such deposits shall be the one
3
applicable to the period for which deposit remained with the Bank and a penalty @ 1% (except in
staff account) for pre-mature withdrawal be levied.
Withdrawal from Account „A‟ (S.F.)&Account „B‟ (F.D.): Any time after making initial
deposit, Form „C‟ to be used with Pass Book for withdrawal of amount (Account-A).Withdrawal
from Account-B shall be transferred to Account-A and then amount may be withdrawn as stated
above. Withdrawal>Rs. 25,000/-only through crossed D/Draft.
08
Utilization of amount :To be utilized in 60 days from withdrawal date. Details on Form-D.
Closure of A/c by Depositor : Request on Form-G.
Nominee (after death of depositor) to claim amount using Form-H.
Note : “Deposit not to be offered as security.”
38.BALIKA SHIKSHA FIXED DEPOSIT SCHEME

RBD (Resource) Cir. No. : 39/2019
Purpose :Centrally Sponsored Scheme to provide incentive of Rs.3000/- as Fixed Deposit to the
girl child who passes VIII Standard examination and enrolls for Class IX. She can withdraw the
amount on reaching 18 years of age.
To promote the girl child‟s enrolment of 14-18 years age group at secondary stage, who passes
class VIII and subsequently drops out for various socio-economic reasons.
To establish an enabling environment to reduce the drop outs & to promote the enrolment of girl
child belonging to SC/ST communities in secondary schools & ensure their retention upto 18 yrs.
Eligibility : (i) All girls who pass class VIII from Kasturba Gandhi Balika Vidyalaya (irrespective
36 | P a g e
of whether they belong to SC/ST) and enroll for class IX in State/UT Govt., Govt. aided or local
bodies schools in the academic year 2008-09 onwards.
(ii) All SC/ST girls who pass class VIII and enroll for class IX in State/UT Govt., Govt. aided or
local body schools in the academic year 2008-09 onwards. (A/cs of unmarried Girls below 16 yrs.
as on 31st March on joining class IX). Exclusion: Students enrolled in Pvt. & Schools run by
Central Govt. are excluded.
Terms & Conditions :(i) Savings A/c(SBVID) with Nil balance to be opened for the eligible girl
child on receipt of a duly verified application with particular reference to the birth certificate
issued by the School Head based on enrollment record. Obtain Annx.-A while opening SF A/c.
ii) Incentive/grant so received to be credited to SF A/c & then to Fixed Deposit, without obtaining
additional AOF for F.D.
(iii)Beneficiary to pass class Xth Board Examination successfully with continuous 2 years studies
after enrolment and has to submit Certificate of Xth pass &from the Principal/Head of the School
about the girl child having continued her studies for 2 years after enrollment (IX).
Disposal of F.D. Amount : The implementing agency to authorize the bank to transfer the amount
to SF A/c on maturity. In absence of authorization by implementing agency, the FD will Auto
Renewed for 30 days.
:53
Minimum Period of Deposit: 7 Days. It may be counted from the date of deposit to the date on
which the girl child attains 18 years of age. Age proof be obtained & kept in record.
Interest : At CARD rates, as applicable for normal Fixed Deposit scheme for various Tenors.
Loan/Overdraft : Not permitted. Premature Cancellation : Not Allowed but in case of death of
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the student before 18 years refund of amount to Central Govt. A/c.
39.SAVING FUND A/C UNDER NATIONAL SCHEME OF INCENTIVE

20
TO GIRLS FOR SECONDARY EDUCATION (NSIGSE)
/01 09
RMD Consolidated Cir. No. : 83/2014

Part of „Direct Cash Transfer” Project of Govt. of India. A Saving Fund A/c is
opened under National Scheme of Incentive to Girls for Secondary Education
3
(NSIGSE).
Scheme Code :SBNSG.
Ministry of HRD Govt. of India has been providing financial aid to State/U.T.
Govts. for depositing cash incentive to the eligible girl students under National
Scheme of Incentive to girls for secondary education (NSIGSE).
08
Incentive Amount : Under the scheme, a Fixed Term deposit a/c is opened in the
name of beneficiary girl child with Rs.3000/- provided to bank by the implementing
agency.
Scheme Code of existing girl students be changed from “SBGEN to SBNSG” for
smooth transfer of Fixed Deposit amount on maturity to S.F. A/c because no. of
accounts are becoming inoperative due to non-induce transactions by these girls.
All such fresh (NISGSE) Saving Accounts to be opened with “SBNSG” code.
Transfer of F.D. Amount : On attaining 18 years of age the implementing agency
authorizes the Bank to transfer the matured amount of FDR to the Saving Bank A/c
of beneficiary Girl.
On transfer of Fixed Deposit amount to Saving A/c, Scheme code to be changed to
“SBGEN”.
37 | P a g e
40.PROSPECTIVE SENIOR CITIZEN TERM DEPOSIT SCHEME
RBD (Resources)Consolidated Cir. No. : 35/2019 (For Scheme Code:Refer Circular)
Purpose :Exclusively for Prospective Senior Citizens who would automatically get
additional rate of interest as applicable to Senior Citizens, presently 0.50%, on
attaining 60 years of age, during the tenor of the term deposit subject to changes
from time to time.
Eligibility :Scheme is for all 55 + (55 & above up to 60 years) individuals (Singly
or Jointly with others) including Illiterate & Blind persons. For joint deposit with
others, certificate to be obtained from the prospective Senior Citizen that the money
deposited belongs to him/her. Entering Date of birth is must.
Interest : At CARD rates till the age of 60 years. Additional rate of interest i.e. 0.50
% will be paid for remaining period after the depositor attains Sr. Citizen status or
rate applicable as per bank guidelines on the date the depositor attains Senior Citizen
status.
Plan Options :Both Income (monthly/quarterly) & Maturity options are available in
:53
the scheme.
Income :Under the scheme Interest shall be payable quarterly at simple rate of
interest or monthly at discounted rate as per the option of the depositor. No charges
19
are to be levied on transfer of the interest amount to a/cs with our other branches, for
/20 554
credit to customer‟s Deposit A/c or Loan A/c.
Maturity :Interest is quarterly compounded and to be credited in A/c on every
20
calendar quarter end i.e. 31/3, 30/6, 30/9 & 31/12 every year. The interest is payable
/01 09
on maturity. Minimum Deposit Amount : : Rs. 100 &in multiples of Re.1/- &
Maximum :Rs. 99,99,999/-Period :Income option: Minimum of 1 year to
3
Maximum of 10 years but depositor must choose the period of deposit in complete
months for monthly option i.e. 61/ 74 months etc. / complete quarters for quarterly
option i.e. 48 / 60 or 63months etc. Maturity option: Minimum of 1 year to
Maximum of 10 years, even for incomplete quarters, such as, 63 / 74 / 77 months &
16 days and so on. It is mandatory that during the deposit period, under both the
08
options, the A/c holder must attain the status of Sr. Citizen i.e. the age of 60 years.
Rate of Interest :CARD rate payable as per guidelines issued by the Bank from
time to time plus additional rate of 0.50% as applicable to Sr. Citizens from the
date of attaining the status of Sr. Citizen i.e. attaining the age of 60 years.
Conversion : The change in option can be allowed before maturity provided :1)
The depositor agrees to continue the deposit with the Bank &option of conversion to
any other F.D. Scheme is for a longer term than the remaining period of the original
contract. 2) Conversion to be effected only from the date on which conversion is
sought without penalty.3)Interest Rate up to the date of conversion, shall be the rate
applicable for the period as operative on the date of deposit upto the date of
conversion and thereafter, interest rate applicable on the date of conversion for the
period equal to the period of conversion. Auto Renewal :Allowed in case mandate
is given by depositor for auto renewal of MBFD (AoF). Premature Payment :If
38 | P a g e
any depositor desires to withdraw the deposit before maturity, Bank may at its
discretion repay the deposit with up to date interest. The interest rate payable would
be contractual rate or the rate applicable for the period for which the deposit has run,
whichever is lower. No penalty on premature withdrawal of deposit after attaining
status of Sr. Citizen. At Par Collection of FDRs : (a) On Maturity All deposit
receipts shall be payable At Par at all branches, i.e., no inter-sol transaction charges
of any nature including cash withdrawal of such Sr. Citizen TDRs either directly or
through S.B. / C.A. etc., will be levied at the time of payment. (b) Premature
Payment :To be entertained only by the Term Deposit issuing Branch. D/L or
O/D : Deposits of Rs. 10,000/- and above. The depositors shall be permitted to avail
O/D facility through an Overdraft A/c and to operate the A/c, a Cheque Book will be
issued on the same day. However, the actual drawings from the O/D A/c will be
allowed from the subsequent day in case the FDR has been issued on the date on
which the O/D facility is sought. Loan/Overdraft Intt. to be changed on giving
additional intt. of 0.50% on attaining 60 years.
:53
O/D facility shall not be available to an illiterate or a blind person.
Margin : As per guidelines issued by IRMD : HO from time to time. Rubber Stamp
to be put on the FDR that additional intt. will be payable from attaining 60 yrs. &
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Maturity Value includes it.
20
41.PNB SURAKSHA
/01 09
RBD ( Resources) Consolidated Cir. No. : 58/2017 & 91/2017

3
Scheme Codes : CUSTOMISED : SB: SBSUR CA : CASUR CC :

CCSUR OD : ODSUR
Applicability : In All Branches. Free Till : 31.03.2019 (as per RETAIL

BANKING DIVISION (RESOURCES) CIR NO 17/2018 dated 21.07.2018)
08
Eligibility: A) Any Individual (singly/jointly)/HUF/Societies/Club/Govt.

Deptts/Institutions, etc. (eligible to open a Savings A/c).
Q.A.B: Rs.2.00 Lac & Above (S.F. & C.A.)
CC & OD A/Cs: Enjoying Credit/Overdraft Limit of Rs.1.00 Crore & Above.
Facility to upload cheque details made possible through IBS provided A/cs have
been opened with captioned scheme codes. Corporate IBS Customers with Txn.
password can upload cheque details directly from their end without visiting the
branch. Similarly, Retail IBS users with Txn. password can now enter the details
of cheque i.e. Cheque No., Cheque Alpha, Cheque Date, Cheque Amount
&Beneficiary Name at their own convenience without visiting branch.
Procedure for IBS Corporate & Retail IBS users is given in above Circular.
39 | P a g e
New customers to use IBS facility for uploading of cheque details. Existing A/c
holders other than Govt. Deptt. /Org. & Corporations may be given one month
time period to avail the facility through IBS (switch over-manual to IBS).
However, Govt. Deptts./Org. & Corporations not having IBS will submit soft &
hard copy of cheque details issued, to base branch. Bank will upload the file in
system & on presentment; System will cross check particulars of cheque given by
customer. Payee name will be popped-up in system. On matching the details it is
paid.
Undertaking: To be obtained from the Customers for availing the Facility.

Now, a menu option SRKUNDT has been developed wherein an undertaking of
customers who are not willing to avail PNB Suraksha Scheme be captured in
system at the base branch.
RBD (Resources) Cir. No.91/2017.
On Reduction of CC/OD Limit : Transfer to General Category of CC/OD &
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above facility will not be available.
42. LAUNCH OF NEW SALARY PRODUCTS
19
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NORMAL, GOLD, PREMIUM & PLATINUM SALARY A/CS
RBD ( Resources) Cir. No. 40/2019 & 88/2017*
Presently Salary A/cs are being opened under Three Salary Products i.e. Total
20
Freedom Salary Account (TFSA), Salary A/c (SBSAL) and High End Salary
/01 09
(HES) A/c. These Products are without Personal Accidental Insurance (PAI)
Facility. Many Banks are offering Accidental Insurance Cover in their Salary A/cs.
All existing TFSA/SBSAL/HES will continue unless & until these are closed or
3
transfer to new product.
*As per customization in the system, Monthly Gross Salary (instead of annual
income) is to be entered in CUMM-G details-5th page-field salary & system will
allow salary scheme code for correct eligibility of Insurance Cover.
08
FOUR TYPES / VARIANTS HAVE BEEN MADE UNDER THE

SCHEME
Code of New Salary Variants are as under:

i) Normal Salary Account: SBSNR ii) Gold Salary Account:
SBSGR
iii) Premium Salary Account: SBSPR iv) Platinum salary
Account: SBSPT
SL. PARTICUL VARIANTS OF SALARY ACCOUNTS

NO. ARS Normal Gold Premium Platinum
40 | P a g e
SCHEME SBSNR SBSGR SBSPR SBSPT
CODE
1 ELIGIBILITY
Category of Regular Employees of Central/State Govt./PSU/ Govt.-
Employee Semi Govt. Corporation/MNCs/Reputed Institutions
/Reputed Corporates /Reputed Educational Institutions.
Other than above mentioned- approved by Circle Head.
Accounts of employees on contract basis not eligible.
Drawing Gross Rs.8,001/- upto Rs.25,001/- Rs.75,001/- More than
Salary P.M. Rs.25,000/- uptoRs.75,000/ upto Rs.1,50,000/-
- Rs.1,50,000/-
2 Initial Deposit ZERO
3 Min. Q.A.B. ZERO
4. Free Cheque 40 p.a 50 p.a 100 p.a Unlimited
Leaves (April -March) (April -March) (April -March)
:53
5. RTGS through 2 per month 5 per month Unlimited Unlimited
Salary a/c Free
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6. NEFT through 2 per month 5 per month Unlimited Unlimited
Salary a/c Free
20
7. Issue of Free 2 Drafts p.q. 4 Drafts p.q. Unlimited Unlimited
/01 09
Demand draft (Max. amount (Max amount

through Salary of 2 drafts- of 4 drafts
A/c (other than Rs.25,000/-) upto Rs.75000
3
business)
8. Free Issuance of Rupay Classic/ Rupay Platinum : NO AMC
Debit Card Platinum:AMC
9. *Free P.A.(death) Rs. 2 Lac Rs. 5 Lac Rs. 10 Lac R. 15 Lac
Insurance Cover (Maximum) (Maximum) (Maximum) (Maximum)
08
10. ATM Withdrawal Rupay (C) : Rupay Platinum : Rs.50,000/-

As per Card Rs.25,000/-
Rupay(P) : Rs.
50,000/-
11. Per day Domestic Rupay(C) : Rupay(P) : Rs.1.25 lacs
Shopping limit. Rs.60,000/-
Rupay(P) :
Rs.1.25 lacs
12. Issuance of Free e-statement e-statement e-statement No Charge
Statement in only only only even if state-
addition to Pass mentis taken
Book from Branch
13. Locker Rent Disc 25% - Small 50% - Small 75% - Small 100% - Small
for 1st year only & Medium
14. Demat Account 50% discount on AMC :1st year NO CHARGES
41 | P a g e
15. Instant Credit of Upto Rs.15,000/- Upto Rs.25,000/-
outstation cheque
16. Documentation/Processing Fee on Car, Home/Personal Loan (Min. 3 months
Regular Salary Credit)
No Discount 50% 100% 100%
* Salary must be credited for any 2 months in a calendar quarter.
Bank to take Insurance Cover of Rs. 3 Lac/Rs. 8 Lac &Rs. 13 Lac respectively for
Gold / Premium & Platinum Salary A/c holders besides Rs. 2 Lac cover on usage
of Debit Cards.
In case of Normal Salary A/c Insurance Cover of Rs. 1 Lac or Rs. 2 Lac will be
available on the basis of Card Type i.e. Classic or Platinum. Coverage to 1 st A/c
holder only.
In Case Classic Card is issued in Gold/Premium and Platinum Variant then bank
will compensate the insurance difference.
Gross salary is to be fed in CUMM-G details-5th page-field salary.
:53
OTHER FREE FACILITIES:-
 Issuance of all type of certificates.
 Retail Internet Banking.
 SMS Alerts.
19
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 Issuance of Credit Card subject to eligibility.
43. PNB FLOATING RATE FIXED DEPOSIT

20
/01 09
RBD (Resources) Cir. No. 35/2019

Eligibility : An individual (singly or jointly), including a minor who has attained
the age of 10 years in his own name on giving proof of age by his guardian or any
3
reliable source or through this natural/legal guardian, proprietorship/partnership

firm, club, association, company/corporate body, public/commercial organization,
Hindu undivided family (HUF), Municipality, Panchayat, Govt. and Quasi-Govt.
body, society, trust, religious, charitable and educational institution can open
account under the scheme. The accounts in the name of minor, below the age of 10
08
years will be opened under guardianship.

Amount of Deposit: The Fixed Deposit can be opened with a minimum deposit of
Rs.1000/- or in multiple thereof. FDRs of above Rs.10 crore to be taken on
approval by Treasury Divn. HO.
Period of Deposit: Minimum - 07 days & Maximum 10 years, including
incomplete quarters such as 82 months, 95 months and 16 days so on.
Issue of Confirmation of Deposit: Since rate of interest fluctuates from the date
of deposit to maturity date so maturity value cannot be pre calculated. However,
rate of interest and maturity value as per the relevant rate applicable on the date of
making the FD will be mentioned in the field meant for the purposes in the
confirmation of deposit, with explanatory note “Subject to change in the rate of
interest from time to time during currency of the FD”. A Rubber Stamp bearing
the name of the scheme and explanatory note stated above be invariably affixed on
42 | P a g e
the confirmation of deposit.
Rate of Interest: i) During currency of fixed deposit, the change in interest rates
will be applicable automatically without presentment of confirmation of deposit by
the depositor.
ii) The interest shall be compounded on quarterly basis for deposit made for 6
month & above tenor and will be payable, along with principal, on maturity of
deposit, as per bank guidelines.
Premature withdrawal of Deposit: If any depositor desires to withdraw the
deposit before maturity, Bank may at its discretion repay the deposit with up to
date interest. In such cases, following guidelines will be followed :
a) Term deposits of up to Rs.10 Crore: i) Where deposit remains with the bank up
to 5 years, interest payable will be 1% minus the rate that remained effective from
time to time for the period FD has actually run.
ii) Where deposit remains with the bank above 5 years, interest payable will be
0.5% minus the rate that remained effective from time to time for the period FD
:53
has actually run.
b) Term deposits of above Rs.10 Crore (For accepting deposits of above Rs.10
Crore, prior approval of Treasury Division HO: is required).
19
/20 554
Pre-mature cancellation of FD of above Rs.10 crore, rate of interest that
remained effective from time to time for the period FD has actually run will
be paid, without penalty.
20
Demand Loan/Overdraft : On written request allowed but O/D : Minimum : Rs.
/01 09
10000/-.
3
44. PNB UTTAM FIXED DEPOSIT SCHEME

WITHOUT PRE-MATURE WITHDRAWAL FACILITY (NON-CALLABLE DEPOSIT)
RBD (Resources) Cir. No. 07/2018, 35/2019
Eligibility : Individual (singly or jointly)/Minors who have attained the age of 10
years and above in his own name on giving proof of age by his guardian or any
08
other reliable source or through his natural/legal

guardian/Proprietorship/Partnership Firm/Commercial Organization/
Company/Corporate body/Hindu Undivided
Family/Association/Club/Society/Trust/Religious/ Charitable/Educational
Institution/Municipality/Panchayat/Govt. or Quasi-Government body.
Interest Options: While making the deposit, a depositor has to choose one option
for intt. Payment (A) Income Option (Outflow of intt.) & (B) Maturity Option
(Interest re-invested).
(A) Income Option :
 The interest may be paid on monthly/quarterly/ Half Yearly/ Yearly basis.
 The monthly interest will be paid at discounted value whereas the same shall
be quarterly compounded in case of half-yearly and yearly payment of
interest.
43 | P a g e
 The receipt-wise interest paid on monthly/quarterly etc. (as the case may be),
will be updated by the System.
(B) Maturity Option (Re-investment of interest on quarterly compounding basis)
The interest shall be compounded on quarterly basis and is payable on maturity of
deposit.
The incomplete quarter of such deposit shall be reckoned at the end, for the
purpose of calculation of interest.
Deposit Amount: With a Single deposit of above Rs.15 lakh & thereafter in
multiples of Re. 1/-.
Period of Deposit/Interest: For Deposit from above Rs. 15 lakh to Rs. 10 Cr.
(i) Maturity Option: For any period from 91 days to 120 months.
(ii) Income Option: For any period from 6 months to 120 months.
Interest : For Deposit from above Rs. 15 lakh to Rs. 10 Cr. (Rates as circulated by
IRMD-ALM)
For Deposit above Rs. 10 Cr
:53
(i) Maturity Option: For any period from 91 days to 1 Yr.
(ii) Income Option: For any period from 6 months to 1 Yr.
Interest : For Deposit above Rs. 10 Cr – Rates as advised by Treasury Division for
19
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DRI rates). Permission from HO treasury is to be obtained.
Interbank Deposits above Rs 10 Cr. (Rates as advised by Treasury Division for
DRI rates). Permission from HO Treasury is to be obtained. Only Maturity Option
20
From 91 days to 1 Yr.
/01 09
SCHEME CODE SCHEME DESCRIPTION

FDUTR FD UTTAM REINVESTMENT
3
FDUTM FD UTTAM MONTHLY INCOME

FDUTQ FD UTTAM QTRLY.INCOME
FDUSR FD UTTAM STAFF
REINVESTMENT
FDUSM FD UTTAM STAFF MONTHLY
08
INCOME
FDUSQ FD UTTAM STAFF QTRLY.
INCOME
FDUGR FD UTTAM GOVT.
REINVESYTMENT
FDUGM FD UTTAM MONTHLY INCOME
FDUGQ FD UTTAM QTRLY. INCOME
Conversion: Not available under the scheme. Auto renewal: Available as per
extant guidelines
Premature Withdrawal/Part Withdrawal/Extension in the period of deposit:
Not permitted under the scheme in any case except in case of death of the
depositor & in such case interest to be paid shall be as per the card rate for normal
deposit for the period for which FD has run.
44 | P a g e
At par collection/ payment of FDR: Payment of FDR on Maturity : No charges
to be levied.
Advances/Overdraft facility: The option of Demand Loan/ Overdraft facility
shall be available as per discretion of the bank & the existing guidelines.
Maturity Value: Deposits held in maturity option, the maturity value of the
deposit shall be calculated by system on quarterly compounding basis.
Tax deduction at Source: As per extent bank guidelines or guidelines issued from
time to time.
PNB UTTAM 111,PNB UTTAM 222, PNB UTTAM 333 ARE LIMITED PERIOD
SCHEMES ( RBD R 05/2019 )
45. ACCEPTANCE OF BULK DEPOSIT UNDER NRE, NRO & FCNR (B).
RBD (Resources) Cir. No. 35/2019
:53
Revised segment under which bulk Deposits can be accepted, is as under:
i. Single Domestic Term Deposit of above Rs.10 crore.
ii. Single Interbank Deposit of Rs.2 crore & above.
19
iiiSingle NRE & NRO Term Deposits of above Rs.10 crore.
/20 554
Single FCNR (B) deposit of 1 Mio and above for USD, GBP & EUR currency.
It is further, reiterated, that no deposit of above Rs.10 Crore whether fresh
or renewal (Wholesale Core/DRI) will be contracted without seeking prior
20
permission from HO: Treasury Division.
/01 09
It is further, reiterated, that no deposit of above Rs.10 Crore whether fresh or

3
renewal (Wholesale Core/DRI) will be contracted without seeking prior permission

from HO Treasury Division.
The differential rate of interest shall be published by HO: Treasury Division on daily basis.
Further, ALCO will be fixing ceiling/ maximum rates over the card rates of deposit from time
08
to time depending upon the liquidity position and interest rate outlook.
47. Prospective Senior Citizens Recurring Deposit Scheme (RBD(R) CIRCULAR NO. 03/2019)
Sr No. Particulars Details

1 Eligibility  Individual having minimum age of 55 years and
maximum upto 60 years of age.
 In case of Joint Deposit, the prospective senior citizen
has to be the first holder of the recurring deposit
2 Deposit Amount  Minimum - Monthly installment of Rs. 100/- or more in

multiples thereof.
 Maximum - No Limit
45 | P a g e
3 Rate of Interest The rate of interest shall be CARD rate payable in accordance
with the circulars issued by the Bank from time to time plus
additional rate of 0.50% as applicable to Senior Citizens from the
date of attaining the status of Senior Citizen i.e. attaining the age
of 60 years
4 Period From 6 months to 120 months, in multiple of 1 month.
5 Payment on The deposit shall mature for payment 30 days/one month after
Maturity payment of last installment or on expiry of the period for which the
deposit was accepted whichever is later.
6 Penalty If the installment for any calendar month has not been deposited,
penalty charges shall be levied for delay @Rs.1.00 for Rs. 100/-
p.m. irrespective of periodicity of deposit.
7 Premature In case of premature cancellation of deposits, 0.50% penalty
:53
Closure will be levied and the interest rate payable would be
contractual rate minus 0.50% or the rate under the scheme
on the contractual date applicable for the tenor for which the
deposit has run minus 0.50%, whichever is lower. In case of
19
/20 554
premature closure within a month, no interest shall be paid
to the customer.
No penalty will be levied if the deposit is prematurely closed:
20
· For the purpose of investment to any other term
/01 09
deposit scheme of the bank provided that the deposit

remains with the bank after reinvestment for a period
longer than the remaining period of the original
3
contract.
· After the customer attains the status of Senior Citizen
8 Nomination Applicable as in other deposit accounts.
 General Tips: Reversal of GST in case of refund of Locker Rent. RBD (R) Cir. No. 11/2018
08
LATEST CHANGES
Vide RBD R
RBD(R) CIRCULAR No.14/2019, Classification of deposits accepted under Term Deposit
Schemes:
 Retail (Core) Deposits: All single term deposits up to Rs. 10 Crore contracted at
the Retail Card rates, published by ALM Cell, IRMD, HO, will be treated as Core
Deposits (Retail Core).
 Wholesale Term Deposits: All single term deposits above Rs.10 Crore are classified as
wholesale term deposit, which is further categorized as Wholesale (Core) and
Wholesale (DRI).
 Wholesale (Core) Deposits: Deposits over Rs.10 Crore contracted at the card rates.
However, the interest applied on such deposits is the rate issued for retail card rate of
Rs 2 crore to Rs. 10 crore, published by ALM Cell, IRMD, HO from time to time.
46 | P a g e
 Wholesale (DRI) Deposits: Deposit of above Rs.10 Crore contracted at Differential
Rate of Interest (DRI) than Card Rate, published by Treasury Division are treated as
Wholesale (DRI) deposit.
______________________________________________________________________
Updates in the previous weeks:

SBBDA modification RBD ® CIR 19 DATED 20.06.2019
31.08.2019 RBD® Circular 24/2019 PNB Rakshak PLUS Zero balance account to
family members .
FOREIGN ACCOUNT TAX COMPLAINCE ACT (FATCA) RBD R 46 DATED 01.11.2019 . All guidelines
are consolidated in the circular .
RBD R Cir no 45/2019 dated 01.11.2019 Miscellaneous guide lines on NRE,NRO AND FCNR
ACCOUNTS .
RBD R Cir no 50 dated 05.12.2019 Discontinuation of PNB Yuva app.
Vetted by : Ms. Preetha MA: +91 8113939554.
:53
19
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20
/01 09
3
08
47 | P a g e

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“VARIOUS DEPOSIT SCHEMES-CHAPTER-2”

Sr. No. NAME OF DEPOSIT PRODUCT

25 MULTI BENEFIT TERM DEPOSIT (MBTD) SCHEME

28 NRE RUPEE SUGAM TERM DEPOSIT SCHEME

Others : No cheque book to be issued under the Scheme.

2. BASIC SAVING BANK DEPOSIT ACCOUNT

RBD (Resources) Consolidated Cir. No. :40/2019 (Scheme Code : SBMIN)

KYC : Fully compliant.

4. PNB-VIDYARTHI SAVING FUND A/C (SBVID)

Minimum Amount: Rs. 10/- & in multiples thereof.

Menu Option: MDNOAAC Scheme Code: RDMDN.

Wages: Rs.8000 For all areas.

Loan Facility: Yes.

7.PNB Pension Savings Account - Scheme code - SBNPS

: Shopping :Rs. 1,25,000/- per day.

Minimum Sweep Out/In Amount : In multiples of Rs. 100000/- (LIFO basis).

11. PNB RAKSHAK PLUS SWEEP & OVERDRAFT SCHEME

The Salary/Pension accounts are to be opened in the following Scheme Codes:

the previous one.

OD facility is not available to A/cs with Sweep facility

6. Preferential allotment of Lockers on Concessional AMC subject to availability, to all

7. Free issuance of duplicate passbook.

8. Free RTGS/ NEFT (online)

extended from 01.09.2019 to 31.08.2020.The insurer is United India Insurance Company

17.PNB RAKSHAK PLUS – Zero Balance Saving Account to Family Members.

have the following features:

Rakshak Select RuPay Credit Card

12.PNB SHIKSHAK SWEEP & OVERDRAFT SCHEME

13. TOTAL FREEDOM SALARY A/C : SCHEME CODE-SBTFS

14. TOTAL FREEDOM SALARY A/C - 2nd VARIANT

condition to avail credit facility from Bank.

 Additional Benefits: Full Waiver of Processing/documentation charges on Home/Car/Personal

15. PREMIUM SAVING ACCOUNT

17.CURRENT ACCOUNT ( Scheme Code : CAGEN)

Eligibility & Purpose :Individual/Sole Prop./Partnership/Company/Society/Associations/ Clubs/

Individual customers only (RMD Cir. No. 32/2014).

18. PNB SMART BANKING CURRENT ACCOUNT SCHEME

lac per day- lac per day

thereafter thereafter Free Free

Rs. 2 lac Rs.5 lac Rs.10 lac

17 Account Statements Fortnightly Fortnightly Weekly

21 Fund Collection Module Free Free Free Free

iii. Agency Charges Applicable Deposit Deposit Deposit limit

Other terms & conditions

Further, in compliance of instructions of IBA vide letter no.OPR/CIR/1114 dated

be suspended (S) or suspension can be revoked (R) at a later date.

21. PNB FLEXI RD SCHEME : RBD (Resource) Cir. No. 34/2019

Panchayat, Govt. and Quasi-Govt. bodies, Co-operative Societies, Religious or Charitable

22.PNB RAKSHAK RECURRING DEPOSIT SCHEME

entertained only at the Base Branch.

loan to be availed from our bank.

23. PNB SPECIAL RECURRING DEPOSIT SCHEME

24.ORDINARY TERM DEPOSIT SCHEME

25.MULTI BENEFIT TERM DEPOSIT (MBTD) SCHEME

Margin : As specified from time to time.

26. VARSHIK AAY YOJANA (VAY) DEPOSIT SCHEME

PNB SUGAM PLUS 555:

Period of Deposit : 555 Days (FIXED)

Premature Closure: 1% penal interest at the time of premature cancellation of the

Eligibility : Only NRIs Individuals in Single or Joint capacity.

did not run for the minimum stipulated period of 1 year.

is payable in such cases.

29. NRO SUGAM TERM DEPOSIT SCHEME